Family-Owned Manhattan Office Building Sold for $109 Million

817 Broadway Studio

Developer Taconic Investment Partners and a division of TIAA Global Asset Management closed on a $109 million deal to buy a Manhattan office building that has been family-owned for the last several decades.

Taconic partnered with TH Real Estate, a division of TIAA, and Squire Investments LLC to purchase 817 Broadway, which sits just south of Union Square, a sector of the hot Midtown South office market where high-end boutique office buildings can fetch rents of more than $100 a square foot….

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