Jennie Morgan, a spokesperson for New York City-based MetLife, confirms for GlobeSt.com that the deal closed but she could not confirm the selling price. According to local published reports, the building went for $89 million.
The building's sale was part of a portfolio of properties that CB Richard Ellis acquired from MetLife. Among the other two office properties in the portfolio are a 421,000-sf building in East Rutherford, NJ and a 448,000-sf two building complex in Irvine CA.
101 Arch St. is nearly fully leased. Among its tenants are American Re-Insurance Co., Lincoln Property Co., Robert Half, International, Global One and Brown Brothers Harriman.
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