Deutsche Bank arm buys 212-222 Broadway for $502M

Source: The Real Deal

A property-investment arm of Deutsche Asset and Wealth Management has acquired a 775,000-square-foot office building at 212-222 Broadway in Lower Manhattan for $502 million, according to property records filed with the city today. The 31-story Class A office property near Fulton Street features 30,000 square feet of retail. Just last year, workspace provider WeWork signed a 16-year lease for 120,500 square feet at the building, as previously reported. Read full story

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