Google Acquires St. John's Terminal In Hudson Square For $2.1B | 550 Washington Street | Office | Sale

Summary

Sale

NEW YORK

Office

1,300,000 sqft

Larry Page, Sundar Pichai, and Sergey Brin have sold the office building located at 550 Washington St. in Hudson Square. The property spans 1,300,000 square feet and was purchased by Google for a price of $2,100,000,000. The seller of the building is Oxford Properties, a Canadian developer.

Summary of transaction details:

Property Type: Office
Transaction Amount: $2,100,000,000
Address: 550 Washington St.
Market: Hudson Square

This sale marks the most expensive sale of a single office building in the United States since the start of the pandemic and one of the most expensive ever. The buyer, Google, currently leases the St. John's Terminal and has announced plans to purchase it in Q1 of 2022. The terminal is undergoing a massive renovation and addition as part of Google's new campus in Hudson Square. It's worth noting that Oxford Properties originally purchased the St. John's Terminal in 2017 for $700 million.

Details

Deal Summary

SOLD

IMAGE: Larry Page, Sundar Pichai & Sergey Brin ADDRESS: 550 Washington St. MARKET: Hudson Square ASSET TYPE: Office ~ SF: 1,300,000 BUYER: @Google SELLER: Oxford Properties (@OxfordPropGroup) 🇨🇦 PRICE: $2,100,000,000 NOTE: @Google announced plans to purchase St. John’s Terminal in Hudson Square in Q1 of 2022. Google currently leases the terminal, which is undergoing a massive renovation and addition as part of Google's new campus in Hudson Sq. This deal marks the most expensive sale of a single office building in the United States since the start of the pandemic, as well as one of the most expensive ever. Canadian developer Oxford Properties originally purchased St. John’s Terminal for $700M in 2017.

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Address550 Washington Street

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