Built in 1973, the 21-story office tower is currently more than90% leased. Tenants include Reuters, Interactive Data Corp., Level3 Communications and Citibank. Lighthouse Real Estate Ventures,Mitsui Fudosan and CB Richard Ellis, who marketed the property onbehalf of Lighthouse Real Estate Ventures were unable to be reachedfor comment regarding further terms of the transaction by pressdeadline.
"100 William's location within Downtown Manhattan perfectlycomplements our company's long-term strategic presence in the NewYork market, while also affording the owners the opportunity to addvalue through a repositioning program," notes Kosei Murakami,president and CEO of MFA, in a prepared statement. "Our strategy ofacquiring quality assets in established but growing markets isreflected in this transaction, and has helped to enhance globalcompetitiveness and profitability." Murakami adds that 100 WilliamSt. is a stable, income-generating property that will benefit fromrepositioning and the resurgence of the Downtown market."
MFA owns approximately 2.3 million sf of commercial space in itsflagship property at 1251 Avenue of the Americas in New York City,where rents are now breaking $100 per sf. The company says in astatement that it continues to aggressively grow its US portfolio,with a strong focus on the New York City, San Francisco, Boston andLos Angeles markets. In the past year, MFA has acquired significantholdings in Washington, DC and San Francisco, and also owns twosubstantial properties in Downtown Los Angeles that it is holdingpending future development opportunities.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
