A Record-Breaking Price For Downtown Building
By Staff Reporter of the Sun | May 7, 2007
The office investment and management company, Paramount Group, has agreed to pay $1.2 billion for the Deutsche Bank building at 60 Wall St.
At $738 a square foot, the purchase price is the highest ever recorded for an office building in Lower Manhattan.
Deutsche Bank, the sole tenant in the 47-story, 1.6 million-square-foot building, will keep its North American headquarters in the facility, signing a 15-year lease.
