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Macklowe Buys 156 William For Over $62M

NEW YORK CITY-The property is slated to become Downtown's first medical office building, with planned renovations intended specifically for healthcare tenants.

By Rayna Katz | Updated on January 08, 2014

NEW YORK CITY-Lower Manhattan is about to get its first-ever medical office building. William Macklowe Co. has closed on its purchase of 156 William St. for $62.5 million. Adam Spies, senior managing director of Eastdil Secured, represented the seller.

The 250,000-square-foot-building’s existing tenants include Cornell Medical Center, which has 30,000 square feet, and New York Downtown Hospital, which is a 17,000-square-foot tenant. But the 12-story building—which was sold by Capstone Realty Advisors—still has space available, notes Billy Macklowe, CEO.

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