75 Wall Street
Property Sq Ft: 664,000
Purchase Date: 2000
Year Built: 1986
Client: Dresdner Bank
Tenantwise was engaged by Dresdner Bank to provide acquisition advice in negotiations with Barclays Bank, the owner of 75 Wall Street, in 2000. Barclays constructed the property and had financed its completion with a complicated bond structure that was both difficult to unwind and expensive to defease. On behalf of Dresdner, Tenantwise negotiated the purchase terms and contract with Barclays. At the last moment, Barclays withdrew from the sale for internal reasons despite having an agreed-upon transaction. Tenantwise was compensated in its role as strategic acquisition advisor despite the fact the property did not transfer between the parties.