SOLD
Wells Fargo Acquires Vacant Retail Space At 20 Hudson Yards From Neiman Marcus For $550M
20 Hudson Yards
Retail
400,000 SF
400,000 SF
Sold 219 days ago
Summary
Sale
NEW YORK
Retail
400,000 sqft
The vacant space at 20 Hudson Yards in Manhattan's Hudson Yards neighborhood has been sold in a transaction worth $550 million. The property, spanning 400,000 square feet across three floors, was purchased by Wells Fargo & Co from Neiman Marcus. This acquisition adds to Wells Fargo's existing presence in the area, increasing its total square footage to 900,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $550,000,000
- Address: 20 Hudson Yards
- Market: Hudson Yards, Manhattan
- Square Footage: 400,000
- Price per Square Foot: $1,375
The deal was brokered by Adam Spies and Douglas Harmon of Newmark. Charles Scharf, the CEO of Wells Fargo & Co, represented the buyer in the transaction. On the selling side, Jeff Blau of Related Cos and Daniel Fournier of Oxford Properties Group were involved in the deal.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Adam Spies, Douglas Harmon, Charles Scharf, Daniel Fournier & Jeff Blau
DATE: 09/27/2023
ADDRESS: 20 Hudson Yards
MARKET: Hudson Yards, Manhattan
ASSET TYPE: Retail
BUYER: Wells Fargo & Co (@WellsFargo) - Charles Scharf
SELLER: Related Cos (@RelatedCos) - Jeff Blau & Oxford Properties Group (@OxfordPropGroup) - Daniel Fournier
BROKERS: Adam Spies & Douglas Harmon - Newmark (@Newmark)
SALE PRICE: $550,000,000
SF: 400,000 ~ PPSF: $1,375
NOTE: Wells Fargo has purchased the vacant space at 20 Hudson Yards from Neiman Marcus for $550 million, adding 400,000 square feet across three floors to its existing 500,000-square-foot presence in neighboring 30 Hudson Yards.View on map
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Address20 Hudson Yards
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