Harbor Group To Spend $157M On 55 Broadway

Law360, New York (March 10, 2014, 6:28 PM EDT) -- Harbor Group International LLC has agreed to purchase One Exchange Plaza at 55 Broadway in Manhattan's Financial District from Broad Street Development LLC for $157 million, a source close to the deal told Law360 Monday.

Virginia-based Harbor Group agreed to purchase the 361,000-square-foot office building at 55 Broadway, but the deal has not yet closed, the source said.

Broad Street purchased the building in 2006 for $82 million, according to property records.

Located near Exchange Place Alley, the building — marketed by Jones Lang LaSalle —...
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