One of the Wall Street area’s few office buildings completed in the 1980s is changing hands.
Norfolk, Va.-based Harbor Group International has a contract to buy 55 Broadway from New York-based Broad Street Development, sources said.
Harbor Group controls a $3.8 billion commercial and residential global real estate portfolio including the office building at 1412 Broadway in Manhattan.
No sale price was immediately available for the building, a 336,000-square-foot tower which opened in 1983. Broad Street Development bought it in 2006 for $82 million, a figure likely to be far below the new value at a time when Lower Manhattan office property values are soaring.
Office tenants include CSA Group, Roosevelt & Cross and Fog Creek Software.
The deal is being brokered by Jones Lang LaSalle, which could not be reached for comment.
Harbor Group International owns more than 10.5 million square feet of commercial space and 24,500 apartments.