Beacon Capital, L&L Holding Co. Close on $230M Acquisition of 222 Broadway

A joint venture of Beacon Capital Partners LLC and L&L Holding Company LLC has acquired Bank of America’s office tower at 222 Broadway in New York City for $ 230 million, or about $ 304 per square foot.

The 27-story, 756,138-square-foot, class A office building is located between Fulton and Ann Streets in Manhattan’s Insurance District. It was built in 1961 with extensive renovations in 1990, and features large floor plates, access to public transit…
National Commercial Real Estate News From CoStar Group