Buyer is advised by George Comfort & Sons, which will operate property
George Comfort & Sons, Inc. today announced that the acquisition of 44 Wall Street has been completed. The new owner, Dallas-based Gaedeke Group, was advised by George Comfort & Sons, which will be responsible for operating the asset.
Gaedeke Group is a privately owned commercial real estate investment firm that also is active in Arizona, Texas, Florida and Washington, DC. Prior to this transaction, the firm’s portfolio totaled approximately 3 million square feet of Class A office space.
The historic 44 Wall Street, which is strategically located at the intersection of Wall and William streets, illustrates the recent and ongoing transformation of the Downtown Manhattan into a center of technology and creativity. Previous property ownership’s renovations and enhancements at the 350,000-square foot tower – which included a revitalized lobby featuring artwork by famed New York City street artist Hellbent -- landed the tower on the Architectural Digest list of “The 12 New York City Office Buildings with the Most Incredible Artwork.
“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. This transaction serves as great entrée into the local market by a respected company, Gaedeke Group, and we are looking forward to working closely with them.”
About George Comfort & Sons, Inc.
Founded in 1919, George Comfort & Sons, Inc. in its 101st year, specializes in acquisitions, asset and property management and brokerage, and offers full service leasing, construction and finance capabilities. It owns and operates a commercial real estate portfolio of approximately 14.4 million square feet nationwide. In addition to its New York headquarters, it has offices in Purchase, NY and Stamford, Conn. For more information about George Comfort & Sons, Inc., please visit www.gcomfort.com
