AEW Core Property Trust Acquires Office Building In Manhattan For $385M

Ivanhoé Cambridge’s Daniel Fournier has sold the office property located at 330 Hudson Street in Manhattan, New York. The transaction, which closed on January 2, 2018, was priced at $385,000,000. The property spans a total square footage of 470,000, with an average price per square foot of $819.

Summary of transation details

• Property Type: Office
• Transaction Amount: $385,000,000
• Address: 330 Hudson Street
• City: New York
• Market: Manhattan
• Square Footage: 470,000 sf
• Price per Square Foot: $819

The buyer of the property is AEW Core Property Trust’s Jeffrey Furbe.

NOTE: The seller, Ivanhoé Cambridge’s Daniel Fournier, was represented by their broker in this transaction.

Overall, this significant office property transaction in Manhattan demonstrates the continued demand for prime commercial real estate assets in the city.