Dallas-based developer Gaedeke Group made its New York debut, paying $200 million for 44 Wall St. from EQ Office, a subsidiary of Blackstone Group.
The 24-story, 354,000-square-foot class A office property at Wall and Williams streets was completed in 1927. EQ Office did a $24 million renovation to the property in 2016. It is currently 84 percent occupied. Tenants include WeWork.
George Comfort & Sons Inc. will operate the asset on behalf of the new owner.
Prior to acquisition, Gaedeke Group’s portfolio totaled 3 million square feet, spanning in Arizona, Florida, Texas and Washington, D.C.
