Jones Lang LaSalle
Gotham Broad Buys $84M NYC Office Building
April 04, 2006
By April Michelle Davis, Northeast Correspondent
Gotham Broad L.L.C., an affiliate of Gotham Realty Holdings, has acquired 30 Broad St. (pictured), a 50-story, 431,502-square-foot office building in lower Manhattan. Carlton Advisory Services Inc. arranged an $84 million acquisition loan for the company.
The building at 30 Broad St., which is approximately 90 percent occupied with long-term leases of credit quality tenants, sits at the crossroads of the Financial District, Silicon Alley, Insurance District, World Banking Community and Shipping Industry, some 200 feet from the New York Stock Exchange. Carlton Advisory Services’ Chairman, Howard Michaels, was unavailable for comment at deadline.
The vacancy rate of 30 Broad Street is slightly higher than the 8.8 percent average vacancy rate for Downtown Manhattan as of February, according to Colliers ABR.
Within 30 Broad St., the floors range in size from 5,355 square feet on the top floors to 14,000 square feet on the lower floors. The office building features a 24-hour concierge, a refurbished lobby and renovated elevators.
Gotham Broad Buys $84M NYC Office Building
April 04, 2006
By April Michelle Davis, Northeast Correspondent
Gotham Broad L.L.C., an affiliate of Gotham Realty Holdings, has acquired 30 Broad St. (pictured), a 50-story, 431,502-square-foot office building in lower Manhattan. Carlton Advisory Services Inc. arranged an $84 million acquisition loan for the company.
The building at 30 Broad St., which is approximately 90 percent occupied with long-term leases of credit quality tenants, sits at the crossroads of the Financial District, Silicon Alley, Insurance District, World Banking Community and Shipping Industry, some 200 feet from the New York Stock Exchange. Carlton Advisory Services’ Chairman, Howard Michaels, was unavailable for comment at deadline.
The vacancy rate of 30 Broad Street is slightly higher than the 8.8 percent average vacancy rate for Downtown Manhattan as of February, according to Colliers ABR.
Within 30 Broad St., the floors range in size from 5,355 square feet on the top floors to 14,000 square feet on the lower floors. The office building features a 24-hour concierge, a refurbished lobby and renovated elevators.
posted by Jones Lang LaSalle NJ News Blog at 2:50 PM
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