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Invesco buys 80 Broad Street in $235M deal

Invesco bought a 95 percent stake in 80 Broad Street, valuing the FiDi office tower at $235 million, or $550 a square foot. The sellers, Raymond Chalme and Daniel Blanco’s Broad Street Development, are keeping a 5 percent stake and will continue to manage the 425,000-square-foot Financial District property. Cushman & Wakefield brokered the deal. Chalme and Blanco bought the 36-story Art Deco tower, which was built in the 1930s, for $175 million in 2014. […]

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