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Invesco lands $102M for 80 Broad St.

Company bought 95% stake last month

80 Broad Street and Invesco's Martin Flanagan
80 Broad Street and Invesco's Martin Flanagan

Invesco just secured a $102 million mortgage for 80 Broad Street, a FiDi office tower the company bought a controlling stake in earlier this year.

The Atlanta-based firm purchased a 95 percent stake in the building last month, paying $235 million. Invesco assumed the mortgage from the property’s previous owners, Broad Street Development, according to documents filed with the city’s Department of Finance. AIG Investments provided the financing.

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Representatives for Invesco didn’t immediately return a call seeking comment.

Broad Street Development bought the building in 2014 for $175 million. The company retained a 5 percent stake in the 425,000-square-foot tower and continues to manage the property.

In March, The Real Deal reported that Kushner Companies, RFR Realty and LIVWRK bought Invesco out of its stake in a large office and retail complex in Dumbo Heights. The deal was valued at $600 million.

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