June 3, 2009 

According to The New York Post, AIG may have signed a contract to sell its two buildings in Lower Manhattan.

The skywalk-connected properties are located at 70 Pine Street and 72 Wall Street.

According to sources a foreign buyer will pay about $100US million for the 1.05 million square feet of space (with $10 million deposit at signing), and are expected to create a mixed-use development that may include residential and retail space.

Due to anti-terror legislation, the Department of State will have to approve the overseas buyer.

Read the New York Post article here (June 3 2009).

Developments featured in this article

More Like This

Facebook Chatter