Tuesday, May 29, 2012
Harbor Group Sells New York Office Building for $270m
Harbor Group bought the property in January 2010 from JP Morgan Chase for $107 million. Habor Group International LLC has sold an office building at 4 New York Plaza in Lower Manhattan for $270 million to a joint venture of HSBC Alternative Investments Limited and Edge Fund Advisors. Harbor Group bought the property in January 2010 from JP Morgan Chase & Co. (NYSE: JPM) for $107 million in a 15-year sale and lease-back deal for 75% of the property. The 1.1 million square foot building is located at the corner of Water Street and Broad Street http://www.globes.co.