Fisher Brothers Snap Up American Exchange Building and Development Site for $150 Million
By Daniel Edward Rosen September 17, 2012 12:31 pm
reprintsFisher Brothers has paid $150 million for 86 Trinity Place, the former site of the American Stock Exchange, and 22 Thames Street, a neighboring property, according to The Real Deal.
The property was sold by Michael Steinhardt and Allan Fried, two investors at Steinhardt Management who paid a total of $65 Million for both properties in 2011. The two men had planned to transform 86 Trinity Place into a 174-key hotel with 100,000 square feet of retail, while also planning to transform 22 Thames Street into a 300,000 square foot residential building, according to reports.
The family-run Fisher Brothers closed on the deal Sunday, The Real Deal reports.
More on this story as it develops.
22 Thames Street, 86 Trinity Place, Allan Fried, Michael Steinhardt, Steinhardt Management, Fisher Brothers
