Documents
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Key facts
| Year Built | 1983 |
| Building Area Gross |
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Property description
Jones Lang LaSalle (“JLL”) has been exclusively retained to offer for sale 175 Water Street (the “Property” or “Offering”), an existing 684,500 rentable square foot, 31-story office tower prominently located on Water Street in Manhattan’s Downtown submarket. Previously serving as AIG’s corporate headquarters location, 175 Water Street is currently vacant providing prospective investors a blank canvas with the opportunity to immediately pursue various repositioning strategies. With outstanding view corridors, ample light and air, generous ceiling heights, center-core configuration, and efficient floor plates, the Property lays out well for either office or alternative use conversion. Moreover, 175 Water Street’s design provides the ideal structure to maximize efficiency and minimize repositioning costs.
Investment highlights
- Blank Canvas Repositioning Opportunity
- Existing Office Lease-Up Optionality
- Additional Value Creation Potential
- Strong Residential Demand
- Downtown’s Relative Value Proposition
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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