David Werner Acquires Office Tower At 440 Ninth Avenue From Paul E. Pariser And Bill Huffman For $100M

An 18-story office tower located at 440 Ninth Avenue, in the Hudson Yards market of Manhattan, has been sold. The asset was transacted for a price of $100,000,000, significantly lower than its previous purchase price of $269 million in 2018. This sale occurred as a short-sale transaction to investor David Werner.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $100,000,000
• Buyer: David Werner
• Seller: Paul E. Pariser - Taconic Investment Partners & Bill Huffman - Nuveen Real Estate

Paul E. Pariser represents Taconic Investment Partners while Bill Huffman represents Nuveen Real Estate in this transaction. The involvement of these companies highlights the engagement of established entities in the real estate market.