AEW Capital Management Acquires Office Building In Hudson Square For $86.2M

The sale of an office property at 163 Varick Street, also known as 60 Charlton, in Hudson Square has been completed. The property, spanning 98,400 square feet, was sold for a total price of $86,175,949, resulting in a price per square foot of $875. The transaction took place on July 9, 2021. The previous sale of the property occurred in July 2017 for a price of $64,900,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $86,175,949
• Property Address: 163 Varick Street, aka 60 Charlton
• Market: Hudson Square

Drake Street Partners and APF Properties, represented by Kenneth Aschendorf and Berndt Perl, acted as the sellers in this transaction. On the buyer's side, AEW Capital Management, represented by Jeff Furber and Jonathan Martin, acquired the property. These key individuals and companies played a significant role in finalizing the deal.