David Werner, Nightingale Group, Wafra pay $175M to Zurich Insurance for leasehold on 111 Wall Street

David Werner, Nightingale Group and the Kuwaiti sovereign wealth fund Wafra through the entity 111 Wall Holdings LLC paid Zurich Insurance $175 million for the leasehold on 111 Wall Street in Financial District. The deal closed on January 15, 2020, and was recorded on January 16, 2020. The transaction consists of 1 parcel, including the tax class office building tower type with 20 or more stories (O4). The property is 990,250 square feet.
The Korein family owns the fee beneath the building.

Newmark Knight Frank’s Evan Layne and Brett Siegel and Jimmy Kuhn brokered the sale.

Over the past five years, there have been 12 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 12 renovation/alteration projects (A2) applied for with a total estimated value of $12,400,788.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link