60 Broad St., a 39-story, one-million-sf property in Manhattan’s financial district, has been sold to Lend Lease Real Estate Investments, Inc. of Atlanta and Cogswell Realty of New York City for $156.5 million. The deal is the largest real estate sales transaction this year in lower Manhattan, says Kennedy-Wilson Inc., which brokered the deal.

The property was sold on behalf of Downtown New York Properties I, LLC, a consortium of Hong Kong-based investors that purchased the building in 1997 for $60 million. A year later, the ownership instituted an intensive capital improvement program that included a new lobby, a renovated facade and the installation of high-tech wiring.

The building is fully leased and includes such tenants as New York City’s Office of Administrative Services, Grant Thorton, Marsh & McLennan, Guardian Life and Fegenson & Company.

Lend Lease Real Estate Investments manages $35 billion in real estate and mortgage investments in the United States.

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