What Downtown Icon Has Been Sold?

From “THE BELL SYSTEM AND THE STORY OF TELEPHONY,”

at http://urt.xyzlab.org/research/record/993

 

The New York Post reports that an iconic building has just been sold.

AT&T's former headquarters at 195 Broadway has been purchased by JP Morgan Asset Management, the Post notes this afternoon.  The sellers are New York's L&L Holding Co. and Boston-based Beacon Capital Partners, according to the report.

The sellers' site for the building--97 years old, and just over one million square feet--is here, and includes a link to a gallery.  Thomson Reuters is a big tenant.

There are no terms available, but the Post estimates the landmarked building, across from the new Fulton Center transportation hub, is worth $500 million.

The article can be found here.

 

 

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