Fosun puts 28 Liberty on the block for over $700 psf

The real estate arm of Fosun International is looking to sell its 60-story Financial District tower 28 Liberty for an eye-watering $1.6 billion. The Chinese industrial conglomerate bought the tower for $725 million in 2013, when it was called 1 Chase Manhattan Plaza and owned by JPMorgan Chase. Fosun quickly embarked on a repositioning of the 2.2 million-square-foot building, sinking millions into a renovation and attracting tenants like Booking.com, financial trading firm Broadway Technology and […]

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