Jennie Morgan, a spokesperson for New York City-based MetLife,confirms for GlobeSt.com that the deal closed but she could notconfirm the selling price. According to local published reports,the building went for $89 million. Cushman & Wakefieldrepresented MetLife while CB Richard Ellis represented itself inthe transaction.
The building is part of a portfolio of properties that CBRichard Ellis acquired from MetLife. Among the other two officeproperties in the portfolio are a 421,000-sf building in EastRutherford, NJ and a 448,000-sf two building complex in IrvineCA.
101 Arch St. is nearly fully leased. Among its tenants areAmerican Re-Insurance Co., Lincoln Property Co., Robert Half,International, Global One and Brown Brothers Harriman.
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