Invesco Pays $140.5M for 130 Prince Street Bldg

INVESCO has acquired the office building at 130 Prince Street (aka 125 Wooster St.) in New York City for $ 140.5 million, or about $ 1,600 per square foot, from Waterman Interests LLC and institutional investors advised by JP Morgan Asset Management.

The group acquired the asset in the boom of 2007 for just $ 112 million, or $ 1,300 per square foot, according to CoStar data. The aggressive re-leasing and capital improvement campaign that followed…
National Commercial Real Estate News From CoStar Group