SOLD
Canada Pension Plan Acquires St. John’s Terminal Mixed-use Complex In Manhattan For $700M
550 Washington Street
Development Site
1,300,000 SF
1,300,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Development Site
1,300,000 sqft
Oxford Properties Group and Canada Pension Plan Investment Board (CPP) have acquired the St. John’s Terminal in Manhattan for a total price of $700,000,000. The mixed-use complex, located at 550 Washington Street, is considered a prime asset in the Manhattan market.
Summary of transaction details
- Property Type: Mixed-use Complex
- Transaction Amount: $700,000,000
- Seller: Westbrook Partners and Atlas Capital Group
- Buyer: Canada Pension Plan Investment Board (CPP) and Oxford Properties Group
The transaction was led by CPP CEO Mark Machin and Oxford Properties' Blake Hutcheson. Oxford Properties Group, a subsidiary of the Ontario Municipal Employees Retirement System, specializes in real estate investment and development. The acquisition of the St. John's Terminal further expands their presence in the Manhattan market.
Players
All
6
Agents
3
Agencies
1
Lenders
2
Details
SOLD
IMAGE: CPP CEO Mark Machin and Oxford Properties’ Blake Hutcheson
DATE: 01/31/18
PROPERTY NAME: St. John’s Terminal
ADDRESS: 550 Washington Street
CITY: New York
MARKET: Manhattan
ASSET TYPE: Mixed-use Complex
PRICE: $700,000,000
SELLER: Westbrook Partners and Atlas Capital Group
BUYER: Canada Pension Plan – Mark Machin and Oxford Properties Group – Blake Hutcheson
NOTE: Oxford […]View on map
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Address550 Washington Street
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