Dart Enterprises is buying a 31-story office tower at 175 Water Street, formerly the headquarters of insurance giant AIG, in Manhattan's Financial District for $252M.
Dart Enterprises is owned by Ken Dart, heir to the Dart Container plastic foam coffee cup fortune, who gave up his US citizenship and moved to the Cayman Islands in 1994.
Vanbarton Group sold the tower, which last traded for $270M in 2019. This week's deal was marketed by JLL.
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