CBRE Group markets Hudson Square office building

New York /
Jan.January 25, 2012 10:00 AM

CBRE Group has landed another assignment to sell a major office building. According to the New York Post, Young Woo & Associates and San Francisco-based Bristol Group have selected CBRE’s executive vice chairmen, Darcy Stacom and William Shanahan, to market the 10-story, 240,000-square-foot property at 325 Hudson Street in Hudson Square.

The brokers expect a buyer to pay about $500 per square foot for the property, which the current ownership gut-renovated in 2001. The building is 95-percent leased, and houses Verizon, SUNY Empire College and Frog Design, among others.

“It’s sexy,” Stacom said. “It’s the right size deal with office and technology tenants.”

The property is fee simple and clear of debt, according to the brokers.

Shanahan and Stacom recently negotiated contracts for the sales of 10 East 53rd Street and 33 Maiden Lane, the Post noted, and are working on finding a buyer for 4 New York Plaza. [Post, 1st item]


Related Articles

arrow_forward_ios
(Illustration by The Real Deal with Getty)
Retail real estate continues climb, reaches record low availability
Retail real estate continues climb, reaches record low availability
(Illustration by The Real Deal; Getty)
Just 2 percent of US office market slotted for conversion
Just 2 percent of US office market slotted for conversion
CBRE's Emma Giamartino and CBRE's Bob Sulentic (CBRE, Twitter / CBRE, Getty)
CBRE plans layoffs, $400M in cost reductions
CBRE plans layoffs, $400M in cost reductions
KPMG's Paul Knopp, Brookfield Properties’ Brian Kingston and 2 Manhattan West (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Linkedin, Brookfield Properties)
TRD Pro: Manhattan’s 10 biggest office leases in August
TRD Pro: Manhattan’s 10 biggest office leases in August
Michael Remer and Richard Hodos (JLL, Getty)
Top retail broker Richard Hodos jumps from CBRE to JLL
Top retail broker Richard Hodos jumps from CBRE to JLL
From left: VTS CEO Nick Romito and CBRE CEO Bob Sulentic (VTS, CBRE, Getty Images)
VTS raises $125M in CBRE-led funding round
VTS raises $125M in CBRE-led funding round
From left: CBRE's Daniel Kaplan and William Shanahan along with 231 East 76th Street and 340 East 52nd Street (Google Maps, CBRE, LinkedIn/Daniel Kaplan)
TRD Pro: Here are NYC’s top portfolio deals of the quarter
TRD Pro: Here are NYC’s top portfolio deals of the quarter
A photo illustration of Alexander Wang and a rendering of the Fulton Market Building (Getty Images, SHoP Architects)
TRD Pro: New York City’s biggest retail leases of July
TRD Pro: New York City’s biggest retail leases of July
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...