Manhattan office tower sells for $252m

Vanbarton Group has sold 175 Water St., a 31-story, 684,500-square-foot office tower prominently positioned in downtown Manhattan, for $252 million.

The new owner is 99c.

175 Water St. is a fully vacant office tower offering a variety of repositioning opportunities. The property was renovated in 2014 and features a center-core configuration with flexible 24,000-square-foot floorplates. Each floor offers 12-foot ceiling heights with expansive windows and an abundance of natural light and air. The tower also has two usable rooftop terraces with protected views of New York City and all three East River bridges.

Located within the Seaport submarket of downtown Manhattan, 175 Water St. has exceptional accessibility throughout Manhattan and the entire New York City metro area via numerous subway lines and PATH trains. The property also is served by numerous bus lines and is close to the New York Waterway East River Ferry. The Seaport submarket is New York's original c