NEW YORK CITY-L&L Holding and Boston-based Beacon Capital Partners have reached a contract to buy 222 Broadway, a 27-story office tower situated between Fulton and Ann, for $230 million. Bank of America Corp. is the owner of the Broadway building.

This is the third transaction in the city for Beacon in the last 12 months and second deal with L&L. The building comprises approximately 756,000 square feet of space. The bank has plans to lease back the building. For the full story, go to Crain’s New York Business . News Hub is your link to relevant real estate and business stories from other local, regional and national publications.