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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
JP Morgan and Mack Real Estate are providing $294 million for the luxury condominium tower. Construction on the 22-story building that is being built by John Moriarty & Associates has begun.
"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”
Earlier this year, Ideanomics consolidated its New York City offices into approximately 10,300 square feet of leased space on the 19th floor of 55 Broadway in the Financial District of Manhattan. The company also has offices in London, Hong Kong, Beijing, and Shanghai, China.