{"id":452968,"date":"2025-12-17T10:02:33","date_gmt":"2025-12-17T10:02:33","guid":{"rendered":"https:\/\/www.europesays.com\/us\/452968\/"},"modified":"2025-12-17T10:02:33","modified_gmt":"2025-12-17T10:02:33","slug":"fidi-office-building-sells-for-less-than-half-its-2013-value-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/452968\/","title":{"rendered":"FiDi Office Building Sells for Less Than Half Its 2013 Value \u2013 Commercial Observer"},"content":{"rendered":"

Bushburg Properties<\/a><\/b> has acquired the 21-story office building at 100 William Street<\/b> in Manhattan\u2019s Financial District for $70 million, which is $96.5 million less than the building sold for in 2013.<\/p>\n

Will Silverman, <\/b>Gary Phillips<\/b>, and Jeff Organisciak<\/b> of Eastdil Secured<\/a><\/b> brokered the sale.<\/p>\n

SEE ALSO: Bain Capital Real Estate, 11North Partners Close $1.6B Raise for Retail Real Estate<\/a><\/p>\n

Bushburg bought the 422,000-square-foot office building, which is currently less than 50 percent occupied, from Canadian insurance firm Manulife<\/a><\/b>, which had acquired the building through its U.S. division John Hancock<\/a><\/b> from Japanese developer Mitsui Fudosan America<\/a> <\/b>in December 2013 for $166.5 million, according to an announcement at the time<\/a> from Manulife. Mitsui had bought the building from Lighthouse Real Estate Ventures<\/a><\/b> for $180 million in 2007, according to public records.<\/p>\n

100 William Street sits between Platt and John streets in Lower Manhattan. Built in 1972 with designs by architectural firm Emery Roth & Sons, the office building was \u201csubstantially renovated\u201d in 2012, according to Manulife\u2019s announcement. The building was 95 percent occupied at the time of the sale the following year.<\/p>\n

The Real Deal was first to note the current sale<\/a>.\u00a0<\/p>\n

Bushburg is currently converting the nearby 1.2 million-square-foot, 40-story 80 Pine Street<\/b>, which it bought from Rudin<\/a><\/b> in 2024 for $160 million, into 713 apartments. Bushburg made the purchase with the help of $100 million in financing from Carlo Bellini<\/b>\u2019s 99c<\/a><\/b>, as Commercial Observer reported at the time<\/a>.\u00a0\u00a0\u00a0\u00a0<\/p>\n

Tenants at 100 William Street include a Pearson Professional Center<\/b> and law firm Gorayeb & Associates.<\/b> The building\u2019s retail space hosts an outlet of American Beauty Salons, <\/b>an Orangetheory Fitness<\/b>, and a Starbucks<\/b>.\u00a0<\/p>\n

Bushburg did not immediately respond to requests for comment, Manulife could not be reached for comment, and Eastdil Secured declined to comment.<\/p>\n

Larry Getlen can be reached at lgetlen@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Bushburg Properties has acquired the 21-story office building at 100 William Street in Manhattan\u2019s Financial District for $70…\n","protected":false},"author":3,"featured_media":452969,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[207810,207811,5229,207812,207813,4282,207814,525,80474,207815,405,403,5226,5225,5228,5227,174231,207816,22195,67,586,132,5230,68,2969,207817],"class_list":{"0":"post-452968","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-100-william-street","9":"tag-80-pine-street","10":"tag-america","11":"tag-american-beauty-salons","12":"tag-carlo-bellini","13":"tag-channel","14":"tag-emery-roth-sons","15":"tag-finance","16":"tag-gary-phillips","17":"tag-gorayeb-associates","18":"tag-new-york","19":"tag-new-york-city","20":"tag-newyork","21":"tag-newyorkcity","22":"tag-ny","23":"tag-nyc","24":"tag-orangetheory-fitness","25":"tag-pearson-professional-center","26":"tag-starbucks","27":"tag-united-states","28":"tag-united-states-of-america","29":"tag-unitedstates","30":"tag-unitedstatesofamerica","31":"tag-us","32":"tag-usa","33":"tag-will-silverman-acquisition"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115734337524413175","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/452968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=452968"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/452968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/452969"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=452968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=452968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=452968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}