X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Adding to its Manhattan portfolio, Vornado Realty Trust has officially taken 100% interest in 20 Broad St. The equity real estate investment trust paid $30 million to 20 Broad Company LLC to claim the remaining 40% of a 78-year leasehold interest in the Lower Manhattan property that it did not already own.

The 27-story office tower, built in 1956, is set between Exchange Place and Wall St. The New York Stock Exchange is the building’s largest tenant, occupying 348,000 sf of the 466,000-sf building. Retail tenants at the property include the Bank of New York.

Vornado Realty Trust is a fully integrated REIT which owns and manages approximately 75 million sf of real estate. The company’s office portfolio comprises 21 New York City buildings, which it owns all or a portion of, totaling about 14.3 million sf.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.