Gaedeke Group Purchases 44 Wall Street Office Building for $200M

NEW YORK CITY — Gaedeke Group, a Texas-based developer, has purchased 44 Wall Street, a, 354,000-square-foot office building in Lower Manhattan, for $200 million. The 24-story building was constructed in 1927. In 2016, the building’s previous owner invested approximately $24 million to renovate and modernize the building. George Comfort & Sons Inc. will operate the asset on behalf of the new owner. Michael O’Callaghan and Gentry Ashmore Hoit of Finback Real Estate represented Gaedeke in the transaction. Will Silverman of Eastdil Secured and Paul Gillen of Hodges Ward Elliott represented the seller, EQ Office, a subsidiary of The Blackstone Group.