David Werner Real Estate Purchases 335000 SF Office Building At 5 Hanover Square For $60M

The office building at 5 Hanover Square is located in Manhattan and includes a total square footage of 335,000. The property is being sold for $60,000,000, which translates to a price per square foot of $179.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60,000,000
• Buyer: David Werner - David Werner Real Estate
• Seller: CIM Group
• Square Footage: 335,000
• Price Per Square Foot: $179

Representing the buyer in this transaction is David Werner Real Estate, which is acquiring the office building from CIM Group for $50,000,000, or $149 per square foot.