David Werner has brought Lloyd Goldman into his deal to buy 100 Wall Street for $116 million.
Werner sold a stake in the 29-story office tower to Goldman’s BLDG Management when the two closed on the purchase from Barings last week, according to a source familiar with the deal.
Goldman’s signature appears on the $95 million mortgage from the Northwind Group. An email from 100 Wall Street’s manager to tenants that was viewed by The Real Deal says that BLDG will take over management of the building.
Representatives for Werner and Goldman did not respond to requests for comment.
It’s not clear what the two investors plan to do with the 1960s era tower, which was marketed as a possible office-to-residential conversion. The building is about 75 percent leased.
A Newmark team led by Adam Spies and Josh King marketed the property on behalf of Barings, which had originally been eyeing a price of about $125 million.
Barings, the investment arm of insurance giant MassMutual, paid $270 million through its subsidiary Cornerstone Real Estate Advisors when it purchased the building in 2015. That worked out to about $528 per square foot for the building, which was reportedly a record at the time for an office building in the Financial District east of Broadway.
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