101 Franklin Street Update 06/11/24

TriBeCa Office Building Trades for $100M

A 16-story, commercial building, located at 101 Franklin Street in Manhattan's TriBeCa neighborhood, has just been sold for $100 million. The structure was purchased in a joint venture by TPG, Skylight Real Estate Partners, and Cannon Hill Capital Partners, from the previous owner, Columbia Property Trust, in a deal brokered by Newmark Group. Originally constructed in 1948, the building contains 235,000 square feet of leasable office space.

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