JPMorgan Markets Atlantic Station Tower

Wells Fargo

Although the reasons why are still unclear, JPMorgan has decided to place its Atlantic Station trophy tower on the market – 171 17th St. The company has decided to market to building around $255 per square foot, which would only bring investors approximately $132 million for the asset; this is compared to the $163 million that JPMorgan paid for the building in 2005 when it was purchased from AIG Global Real Estate. The listing price of $132 million is estimated to be about $100 PSF below replacement costs.

0

Add a Comment