NEW YORK CITY—Vornado Realty Trust said late Tuesday afternoon that it had closed on its $200-million sale of the leasehold interest in 20 Broad St., an office property whose main tenant is the New York Stock Exchange. The REIT did not identify the buyer; published reports have identified it as Metro Loft Management, which plans to convert the 27-story tower to residential use.

The New York Post reported Tuesday that IntercontinentalExchange Group, parent company of the NYSE, had decided to vacate 20 Broad and paid VNO $15 million to terminate its lease. The stock exchange's main trading facility is next door at 11 Wall St.

Metro Loft, which plans 500 luxury rentals, paid the REIT $185 million to acquire the property, the Post reported. VNO will realize $157 million in income from the sale, including the lease termination fee paid by ICE.