Sale of One Financial Square Closes for $751 M.

Beacon Capital Partners has closed on One Financial Square for $751 million, according to city records.

The 36-story, 973,000-square-foot building went to contract on July 2 and closed on August 29. In July, The New York Sun reported that this deal was in the works. The seller is the Paramount Group, which purchased the property back in 1995 for $135 million.

Believe it or not, the new acquisition is not Beacon’s biggest New York property. That honor goes to the 1.9-million square-foot building at 1211 Avenue of the Americas, according to a source at Beacon.

Even though the Paramount Group no longer owns One Financial Square, it is not without a Manhattan trophy. The group made headlines in May when it purchased 60 Wall Street for $1.18 billion, the biggest sale ever for a downtown Manhattan office building.

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