Bushburg Acquires Office Building At 80 Pine Street From Rudin Management For $160M

The office asset located at 80 Pine Street in Manhattan was sold for a total of $160,000,000. The property encompasses a total square footage of 1,100,000, translating to a price per square foot of $145.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $160,000,000
• Address: 80 Pine Street
• Market: Manhattan
• Buyer: Bushburg
• Seller: Rudin Management - Bill Rudin, Michael Rudin, Samantha Rudin & Neil Gupta
• Broker: Gary Phillips, Will Silverman & Jeff Organisciak - Eastdil Secured
• SF: 1,100,000
• PPSF: $145

The transaction involved key players including Gary Phillips, Will Silverman, and Jeff Organisciak from Eastdil Secured, who represented the sellers Rudin Management. This sale was a significant transaction in the Manhattan office market.