{"id":72675,"date":"2025-12-16T21:54:07","date_gmt":"2025-12-16T21:54:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/72675\/"},"modified":"2025-12-16T21:54:07","modified_gmt":"2025-12-16T21:54:07","slug":"fidi-office-building-sells-for-less-than-half-its-2013-value-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/72675\/","title":{"rendered":"FiDi Office Building Sells for Less Than Half Its 2013 Value \u2013 Commercial Observer"},"content":{"rendered":"

Bushburg Properties<\/a> has acquired the 21-story office building at 100 William Street 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, Gary Phillips, and Jeff Organisciak of Eastdil Secured<\/a> brokered the sale.<\/p>\n

SEE ALSO: Affinius Capital Provides $81M Construction Loan for Arizona State Student Housing<\/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>, which had acquired the building through its U.S. division John Hancock<\/a> from Japanese developer Mitsui Fudosan America<\/a> 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> 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, which it bought from Rudin<\/a> in 2024 for $160 million, into 713 apartments. Bushburg made the purchase with the help of $100 million in financing from Carlo Bellini\u2019s 99c<\/a>, as Commercial Observer reported at the time<\/a>.\u00a0\u00a0\u00a0\u00a0<\/p>\n

Tenants at 100 William Street include a Pearson Professional Center and law firm Gorayeb & Associates. The building\u2019s retail space hosts an outlet of American Beauty Salons, an Orangetheory Fitness, and a Starbucks.\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":2,"featured_media":72676,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[36932,36933,36934,36935,3624,36936,1603,4460,36937,9,11,10,36938,36939,14094,36940],"class_list":{"0":"post-72675","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-american-beauty-salons","11":"tag-carlo-bellini","12":"tag-channel","13":"tag-emery-roth-sons","14":"tag-finance","15":"tag-gary-phillips","16":"tag-gorayeb-associates","17":"tag-new-york","18":"tag-new-york-headlines","19":"tag-new-york-news","20":"tag-orangetheory-fitness","21":"tag-pearson-professional-center","22":"tag-starbucks","23":"tag-will-silverman-acquisition"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/72675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=72675"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/72675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/72676"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=72675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=72675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=72675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}