NEW YORK CITY—World-Wide Group has sold its ground leasehold interests at 110 Church St. (or 50 Murray St.) and 53 Park Pl. in Tribeca for $231 million. The sale was made to the Sapir Organization. In 2000, the Sapir Organization, the owner of the land, ground-leased the sites to World-Wide Group, which subsequently re-developed and constructed full service luxury high-rise rental buildings on the sites.

The New York-based law firm of Hunton & Williams represented World-Wide. The deal’s team was led by Carl Schwartz and included Susan Saslow, a senior real estate attorney, and Anna Cadet, a real estate associate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.