Cushman & Wakefield Advised New York Federal Reserve on Purchase of Maiden Lane Building

NEW YORK, March 2, 2012 /PRNewswire/ -- Cushman & Wakefield announced today that it advised the Federal Reserve Bank of New York on the acquisition of 33 Maiden Lane for $207.5 million from Merit US Real Estate Fund III, LP, a fund managed by Invesco Real Estate.

The Federal Reserve Bank of New York had been leasing 75% of the 27-story, 625,000 square-foot, Class A office building located on the northeast corner of Nassau St., across from the iconic Federal Reserve Building.

A Cushman & Wakefield team led by Robert Lowe and Michael Rotchford together with Ed Donnery, David Heller, Helen Hwang and Anthony Pasqual advised the Federal Reserve Bank of New York.

"33 Maiden Lane is a Class A, high-quality asset that represented a compelling investment opportunity for the Federal Reserve Bank of New York," said Michael Rotchford, a Cushman & Wakefield executive vice president and Head of Investment Banking. "We are pleased to have supported such a valued client in this transaction."

Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 235 offices in 60 countries and more than 14,000 employees.  The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies.  It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Corporate Occupier & Investor Services, including integrated real estate strategies for large corporations and property owners, Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors.  A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

SOURCE Cushman & Wakefield

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED