Kasowitz Represents Paramount Group Fund in $1 Billion Sale of 60 Wall Street

Kasowitz Represents Paramount Group Fund in $1 Billion Sale of 60 Wall Street

Kasowitz represented Paramount Group’s Real Estate Fund III, a private equity fund managed by Paramount Group, as the seller in the $1 billion sale of Deutsche Bank’s headquarters located at 60 Wall Street in Manhattan.  This is the first billion-dollar real estate sale in New York City for 2017.  The 47-story, 1.6 million-square-foot tower is considered a trophy office property, a real estate designation for the top 2% of properties in a given subcategory.

Kasowitz partner Wallace L. Schwartz and associate Christy J. Mazzola represented Paramount Group’s Real Estate Fund III in the sale.