Takenaka Under Contract to Buy One Broadway for $170M
Tuesday, October 27, 2026 · first reported by Commercial Observer
Takenaka Corporation of Japan is under contract to buy the office building at 1 Broadway in New York for $170 million, according to sources cited by Commercial Observer. The sellers are Rockwood Capital and Midtown Equities, who paid $140 million for it in 2018. Newmark brokers negotiated the sale.
The 12-story, 230,000-square-foot property is fully leased. Fiserv occupies roughly 92 percent, and Citibank holds the retail space. Fiserv has put $67 million into its space, with $30 million more planned. The building was gut-renovated in 2020.
- Firm
- Rockwood Capital
- Also named
- Takenaka Corporation, Midtown Equities
- Deal value
- $170M
- Asset class
- Real estate
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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