Commerzbank pays $756.3M to GFP, Northwind Group for FiDi office tower

Commerzbank through the entity CR Sunflower Fee Owner LLC paid $756.3 million to GFP Real Estate and Northwind Group through the entity 7 Hanover Fee Owner Co. LLC for the Financial District office tower formerly known as 7 Hanover Square, and now known as 100 Pearl Street and 50 Water Street.
The deal closed on December 15, 2021 and was recorded on December 29, 2021.
The 13 condo units that compose the property have 642,579 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $1,176 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for GFP Real Estate and Northwind Group was Brian Steinwurtzel. The signatory for Commerzbank was Moritz Schumann.

PincusCo first broke the news in September that CommerzBank through its division Commerz Real was buying an interest. The Commercial Observer reported Cushman & Wakefield brokered the deal, the previously disclosed purchase price was estimated at about $850 million. GFP released a statement at the time of the closing, but did not reveal the sale price.

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