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JV Acquires 67 Wall St.

NEW YORK CITY-Focusing its efforts on Lower Manhattan, a joint venture with members already listed as owners on the adjoining property, picked up the 303,175-sf office at 67 Wall St.

By Barbara Jarvie | Updated on March 08, 2004

NEW YORK CITY-A joint venture made up of Nathan Berman, Ronnie Bruckner and Eastbridge NV has purchased one of the city’s oldest addresses–67 Wall St.–which served as the original site for the law office of first Secretary of the Treasury Alexander Hamilton. The group obtained $53 million in financing from Corus Bank to acquire the 303,175-sf office building, which now houses public finance law firm Hawkins Delafield & Wood LLP as an anchor tenant, among others.

“This acquisition reflects our continued confidence in lower Manhattan as a thriving commercial market and residential neighborhood,” says Berman, managing member of the joint venture. The building was previously owned by one of Germany’s largest real estate funds–Deutsche Gesellschaft Fur Immobilienfonds mBH. The office, which features a new lobby and entrance, is currently advertised at a range of $22 to $30 per sf. Other office tenants include Dresdner, Kleinwort, Benson, Wall Street Transcript and Reynolds Richard Laventure.

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