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| Photo by CoStar Group |
A German real estate investor is set to buy developer Sterling Bay's Fulton Market headquarters building in what would be the city's biggest commercial property sale this year. Commerz Real has agreed pay close to $175 million to buy the 290,000-square-foot Fulton West office building at 1330 W. Fulton St., according to sources familiar with the deal. A sale at more than $600 per square foot would be less than Sterling Bay had targeted for the property, but would still likely complete a big windfall for the developer, which has helped the lead the transformation of the Fulton Market District from a meatpacking corridor to a trendy corporate destination. Read More....
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