- Posted at 2:13, December 02, 2013
- By Russ Bleemer
From “THE BELL SYSTEM AND THE STORY OF TELEPHONY,”
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.