
44 Wall Street Trades to Dallas-Based Gaedeke
Dallas-based Gaedeke Group made its New York debut with the $200-million acquisition of 44 Wall St. from EQ Office. Gaedeke was assisted by Finback Real Estate in underwriting the acquisition; George Comfort & Sons will manage the 350,000-square-foot office property on Gaedeke’s behalf.
“Finback underwrote 41 assets for purchase, including 30 off-market and 11 marketed properties across 15 submarkets throughout Manhattan over an eighth-month period before landing on 44 Wall St.,” said Finback president Michael O’Callaghan, who advised Gaedeke with Gentry Ashmore Hoit.
“44 Wall Street represents the best of New York City commercial real estate,” said George Comfort & Sons president and CEO Peter S. Duncan. “The building exemplifies great classic architecture that has been carefully preserved, while being modernized to meet the needs of today’s creative companies and their workforces.”
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- ◦Sale/Acquisition