The Real Deal New York

Buyers interested in publisher’s Bronx portfolio consider residential conversion

July 28, 2011 03:49PM

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H.W. Wilson headquarters at 950 University Avenue

A month after merging with EBSCO Publishing, library reference publisher H.W. Wilson has commissioned Massey Knakal Realty Services to market its former headquarters and nearby land holdings in the Highbridge section of the Bronx, Crain’s reported. The complete portfolio is asking $21.9 million, but can also be had in individual pieces.

The developed component of the listing is composed of 142,030 square feet inside five adjoined buildings, including 950 University Avenue, which are adjacent to the Major Deegan Expressway and overlook the Harlem River. The buildings contain completed indoor parking. The listing also boasts 143,000 square feet across seven empty lots that H.W. Wilson acquired in the 1970s and is selling for about $20 per buildable square foot, Crain’s said. Prospective buyers are looking at the land for residential conversion, Massey Knakal said. [Crain's]

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