M&A Deal Summary

Veris Residential Acquires 125 Broad Street - Property

On June 12, 2007, Veris Residential acquired real estate company 125 Broad Street - Property for 273M USD

Acquisition Highlights
  • This is Veris Residential’s 1st transaction in the Real Estate sector.
  • This is Veris Residential’s largest (disclosed) transaction.
  • This is Veris Residential’s 1st transaction in the United States.
  • This is Veris Residential’s 1st transaction in New York.

M&A Deal Summary
Date 2007-06-12
Target 125 Broad Street - Property
Sector Real Estate
Buyer(s) Veris Residential
Deal Type Add-on Acquisition
Deal Value 273M USD

Target

125 Broad Street - Property

New York,, New York, United States
125 Broad Street is a 40-story, 1.2 million square-foot class A office building located in the heart of the Downtown Financial District with spectacular East River views.

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Buyer(S) 1

Buyer

Veris Residential

Jersey City, New Jersey, United States
Category Company
Sector Real Estate
Employees234
Revenue 280M USD (2023)
DESCRIPTION

Veris Residential is an owner, manager, and developer of class A real estate. The Company performs all commercial real estate leasing, management, acquisition, development and construction services on an in-house basis. Veris Residential is based in Jersey City.

DEAL STATS #
Overall 1 of 8
Sector (Real Estate) 1 of 8
Type (Add-on Acquisition) 1 of 6
State (New York) 1 of 1
Country (United States) 1 of 8
Year (2007) 1 of 1
Size (of disclosed) 1 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Alterra at Overlook Ridge 1A

Malden/Revere,, Massachusetts, United States

Alterra at Overlook Ridge 1A property boasts a unique set of amenities including an outdoor heated pool, club room equipped with billiards and flat screen TVs, fitness center, indoor basketball court and children's playroom. The property also includes a conference room for private meetings as well as theater-style cinema screening room.

Buy $61M
Mergr

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