Insurance company The Travelers Cos. has sold its 49 percent stake in the 26-story office building at 77 Water St. in Manhattan for $117.6 million, according to property records made public Tuesday.
The value of Travelers' portion of the 612,237-square-foot building values the entire property at more than $235 million, and it's the latest in a string of Lower Manhattan deals that have seen investors cash in on the neighborhood's recent and projected growth.
Documents show that the deal was signed on Aug. 12, but it...Travelers Gets $117M In Sale Of NYC Office Tower Stake
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New York City Office Sector Report (Q2 2014)