880 Canal Street

Complete Portfolio
Partner: Contrarian Capital Management

880 Canal Street is a 21,000 SF building that is 100% net-leased to Cornell University Veterinary Specialists. In 2013, ClearRock sold 880 Canal to Cornell University for a 62.8% equity IRR. While ClearRock had not initially planned to sell the asset, the strong returns and recycling of capital to reinvest back into the Canal Street portfolio made the sale very attractive.