Joe Chetrit has entered into contract to acquire One Whitehall Street from Rudin Management for around $182 million. The FiDi office building spans 387,390 SF.
- Dig Deeper: Office tenants include the Regional Plan Association and Topps. The baseball card company occupies over 66,000 SF on the fourth through sixth floors in a below-market lease that expires in late 2020, according to NYPost. Other tenants also have low rent leases that end over the next six years providing Chetrit with upside. The ground-floor retail space is occupied by the US Post Office and Duane Reade.
- Backdrop: The property is being sold by cousins Bill and Eric Rudin to settle estatetaxes for the late Jack Rudin.