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TIAA in contract to buy 115K sf commercial condo for $67M

TH Real Estate, the global real estate arm of TIAA Global Asset Management, is in contract to buy an 115,000-square-foot commercial condominium at the base of a Tribeca residential building along Chambers Street for $67 million, sources told The Real Deal. The office-and-retail condo at 86 Chambers Street occupies the first seven floors of the 300,000-square foot, 28-story residential property known as Tower 270. The seller is Michael Betancourt and Siraj Dadabhoy’ Aion Partners, which […]

Source: The Real Deal

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