101 Greenwich Street Case Study
FiDi Office Tower Acquisition
400,294 SF
2025
Overview
Skyline Properties sourced this ~$105M off-market transaction. We connected international investor Quantum Pacific, the holding company of Israeli billionaire Idan Ofer, with conversion specialist Metro Loft (Nathan Berman) to buy 101 Greenwich Street from BentallGreenOak. The building is a 26-story, 400,294 SF Beaux Arts office tower in the Financial District.
The Challenge
BentallGreenOak needed to exit its position in a difficult office market. The building called for an experienced buyer who could close a complicated acquisition and see the conversion upside.
Our Solution
Through our international relationships, we brought the opportunity to Israeli billionaire Idan Ofer's Quantum Pacific and helped put together a partnership with Nathan Berman's Metro Loft. One side brought the capital, the other the operating experience.
The Result
The transaction closed at over $105 million. BentallGreenOak got its exit, and the buyers got a prime FiDi asset with significant value-add potential through repositioning or conversion.
Key Takeaways
- Connected international capital with local operating experience
- Off-market sourcing gave the buyers a first-mover advantage
- Historic Beaux Arts building with conversion potential
- Joint-venture structure aligned the partners' interests
Press Coverage
2 articles · 2 outletsCommercial Observer
The Real Deal
Frequently Asked Questions
Who sourced the 101 Greenwich Street acquisition?
Skyline Properties, led by Robert Khodadadian, sourced the off-market acquisition of 101 Greenwich Street, connecting Quantum Pacific and Metro Loft with seller BentallGreenOak in 2025.
How much did 101 Greenwich Street sell for?
The 26-story, 400,294 SF Financial District office tower traded for approximately $105 million in 2025.
Who bought 101 Greenwich Street?
Quantum Pacific, the holding company of Israeli billionaire Idan Ofer, acquired 101 Greenwich Street in partnership with Nathan Berman's Metro Loft, a conversion specialist. The seller was BentallGreenOak (Sonny Kalsi).
What kind of building is 101 Greenwich Street?
It is a 26-story, 400,294 SF Beaux Arts office building in the Financial District, built in 1907, acquired with significant value-add and conversion potential.
Deal Metrics
Transaction Parties
Buyer
Quantum Pacific (Idan Ofer) + Metro Loft
Seller
BentallGreenOak (Sonny Kalsi)
Financing
Cash acquisition
Neighborhood
Financial DistrictHave a Similar Property?
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Discuss Your PropertyPress Coverage
More press on 101 Greenwich Street
12 press features covering the $105M transaction at 101 Greenwich Street.
Apollo, 101 Greenwich, Quantum Pacific & Metro Loft
Coverage of Quantum Pacific and Metro Loft joint venture on 101 Greenwich Street office-to-residential conversion.
Quantum Pacific Metro Loft 600-Unit Conversion at 101 Greenwich Street
Quantum Pacific and Metro Loft announce plans for 600-unit residential conversion at 101 Greenwich Street in FiDi.
Quantum Pacific Metro Loft Closes 101 Greenwich
The Real Deal reports the March 2025 closing of 101 Greenwich Street, with conversion plans for the FiDi office tower.
Quantum Pacific Metro Loft 101 Greenwich $105M
Quantum Pacific and Metro Loft acquire 101 Greenwich Street for $105M.
Quantum Pacific, Metro Loft Acquire 101 Greenwich Street for $105M
RE Business Online covers the 101 Greenwich acquisition and the office-to-residential conversion planned for the tower.
Idan Ofer's Quantum Pacific Buys 101 Greenwich Street
February 2025: The Real Deal covers the $105M deal completing, with Metro Loft aboard to convert the FiDi tower to residential.
Quantum Pacific Pays More Than $100M for Manhattan's 101 Greenwich St.
Quantum Pacific and Metro Loft acquire 101 Greenwich Street from BentallGreenOak for more than $100 million, planning major office-to-residential conversion.
N.Y. Deal Sheet: Quantum Pacific Closes 101 Greenwich Street
Idan Ofer's Quantum Pacific closes on 101 Greenwich Street acquisition from BentallGreenOak as covered in Bisnow's weekly N.Y. Deal Sheet.
Quantum Pacific BGO Newmark Metro Loft - 101 Greenwich
Quantum Pacific joint venture with Metro Loft has entered contract to acquire 101 Greenwich Street for $105 million.
Quantum Pacific Signs Contract to Buy FiDi Office from BentallGreenOak
December 2024: The Real Deal reports Quantum Pacific signing the contract to buy 101 Greenwich Street from BentallGreenOak.
Quantum Pacific Signs Contract for FiDi Office
Pincus & Co breaks the December 2024 contract signing: Quantum Pacific and Metro Loft agree to buy 101 Greenwich at $105M.
Idan Ofer's Quantum Pacific Signs Contract to Buy FiDi Office from BentallGreenOak
Quantum Pacific and Metro Loft enter contract for 101 Greenwich Street acquisition at $105 million.
Price, buyer, seller, $/SF, source citations
