NEW YORK CITY-Real estate investor Billy Macklowe has closed on the $62.5-million purchase of the 156 William St. office building here.
Macklowe plans to convert the 250,000-square-foot property into a dedicated medical facility, according to the New York Post.
“It's nearly 100% occupied now,” Macklowe said, “but we're going to get a 120,000 square-foot roll by June.” He noted that an extension he granted city agency tenants, whose leases ended last month, expires in June.
The contact for the building purchase with seller Capstone Realty Advisors was first reported in November. The 12-story building is located across the street from New York Presbyterian-Lower Manhattan Hospital. See story in the New York Post.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
