LaSalle buys 200 Lafayette Street condo for $125m with Deutsche Bank financing

LaSalle Investment Management has paid $125m for a five-floor office condominium at 200 Lafayette Street in Manhattan using $100m in acquisition financing from Deutsche Bank, Real Estate Capital has learned. The seller, General Growth Properties (GGP), put the fully-leased, five-floor, 80,000 sq ft office condo in the NoHo neighborhood up for sale earlier this year, hiring CBRE to handle the process.