The glass Continental Center at 180 Maiden Lane is coming to market and could fetch more than $400 million.
The marketing of the 41-story tower follows the sale of the older 140 Broadway for $465 million to German investors, which The Post’s Steve Cuozzo reported on May 4.
The 1.09 million-square-foot tower at the East River is owned by the Paramount Group, which is a division of the German-based Otto Group. Paramount has been an active buyer of Class A city office properties and a leader here among the active German investors.
Real Estate Finance & Investment reported Paramount has hired Wayne Maggin at Eastdil to market the building that has Goldman Sachs and Stroock Stroock & Lavan as tenants.
Although Paramount’s president and CEO, Albert Behler considered finding an equity investor, he hopes to cash out while the downtown market is hot.
“We have put 180 Maiden Lane on the market to capitalize on the strong demand for Class A, state-of-the-art buildings, fully leased for the long-term to credit-worthy tenants,” Behler said.
Paramount purchased the property in Feb. 2001 for about $290 million from Continental Insurance Company, which developed the Swanke Haden Connell-designed tower in 1983.
Maggin did not return calls for comment.