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Jamestown Acquires 88 Leonard St For $240M

Jamestown Acquires 88 Leonard St For $240M

Tribeca’s Waterton Associates has sold the 21-story, 305k SF 88 Leonard St to Jamestown for $240M.

The Costas Kondylis-designed residential rental building has 352 apartments, 11k SF of ground-floor retail and a 249-space below-grade parking garage, the Commercial Observer reports.

Jamestown dealt directly with Waterton’s brokers, Meridian Investment Sales’ Helen Hwang, Karen Wiedenmann, Brian Szczapa and John Charters. Helen said 88 Leonard’s amenities make it a unique asset in the Tribeca rental market.

Jamestown has not decided upon plans for the building. [CO]