Browse all categories | Subscribe My Account | Logout
Browse all categories
< Back

Aion Partners shopping 115K sf Tribeca commercial condo

People & Companies / Latest News

United States of America

Feb 22 2017

Add to Favorites

Share this Article:

Konrad Putzier, The Real Deal

Michael Betancourt and Siraj Dadabhoy’ Aion Partners is shopping a 115,000-square-foot office and retail condo at 86 Chambers Street in Tribeca.

According to its website, Aion bought the condo in September 2004. Property records show that it refinanced the asset in April 2016 with a $43.5 million loan from TH Commercial Mortgage.

Colliers International’s Richard Baxter, Ron Cohen and Scott Latham have the listing, the New York Post reported.

The office portion’s biggest tenant is the U.S. Attorney General’s Office for the Southern District of New York on a lease that runs through 2023. The 7,000-square-foot retail space is leased to Chase Bank through 2020.

Robert Moses once had an office at the 28-story building, which was sold by the State of New York for $33.6 million in 2000. The residential portion of the building is known as Tower 270.

In August, Aion took over Clarion Partners’ stake in 11 East 44th Street, paying $30 million.

SOURCE: The Real Deal

img

You may also like...


Load More

bannerImage
bannerImage

Login into your MP Report account

Forgot my password

Sign up to the MP Report

Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.

SIGN UP HERE >