Brookfield Buys Out One Liberty Plaza for $1B

Previously holding a 51% stake in the building, Brookfield Properties has bought out Blackstone's 49% minority stake in One Liberty Plaza; a 54-story office tower, located in Manhattan's Financial District. Closing at $1 billion, the deal was brokered by Newmark Group.

Originally constructed in 1973, the Class-A structure was commissioned by U.S. Steel Corporation and designed by Skidmore, Owings & Merrill. It was formerly known as the "U.S. Steel Building".

Standing PRO feet tall, the tower is currently the 63rd tallest building in New York City. Totalling PRO square feet, and primarily consisting of office floors with 47,600 square foot floorplates, it's also one of the largest buildings in the city based on usable interior space. Boasting a LEED Gold certification and an Energy Star rating of 75, the tower is energy efficient as well.

In addition to office space, One Liberty Plaza offers a cafe, an AmazonGo store, tenant wellness amenities offered by Activated, and a 93,000-square-foot Convene location, featuring flexible conference and event space, as well as catering services.

One Liberty Plaza also sits next to a privately owned, public plaza, known as Zuccotti Park. With no development directly to the south, the tower offers expansive views of the harbor and the surrounding downtown area.

Located just a block from Ground Zero, it's also worth noting that One Liberty survived the World Trade Center attacks on 9/11, although it did sustain a fair amount of facade damage. This was quickly repaired, and the building later received a renovation in 2002.

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