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Aion Partners shopping 115K sf Tribeca commercial condo

People & Companies / Latest News

United States of America

Feb 22 2017

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Konrad Putzier, The Real Deal

Michael Betancourt and Siraj Dadabhoy’ Aion Partners is shopping a 115,000-square-foot office and retail condo at 86 Chambers Street in Tribeca.

According to its website, Aion bought the condo in September 2004. Property records show that it refinanced the asset in April 2016 with a $43.5 million loan from TH Commercial Mortgage.

Colliers International’s Richard Baxter, Ron Cohen and Scott Latham have the listing, the New York Post reported.

The office portion’s biggest tenant is the U.S. Attorney General’s Office for the Southern District of New York on a lease that runs through 2023. The 7,000-square-foot retail space is leased to Chase Bank through 2020.

Robert Moses once had an office at the 28-story building, which was sold by the State of New York for $33.6 million in 2000. The residential portion of the building is known as Tower 270.

In August, Aion took over Clarion Partners’ stake in 11 East 44th Street, paying $30 million.

SOURCE: The Real Deal


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