Ivanhoe Cambridge snags 49 percent stake in 330 Hudson

Canadian investment firm, along with partner, lay out $150M for minority share

Ivanhoe Cambridge CEO Daniel Fournier and 330 Hudson
Ivanhoe Cambridge CEO Daniel Fournier and 330 Hudson

Canadian property management firm Ivanhoe Cambridge, in partnership with Callahan Capital Properties, acquired a 49 percent interest in an office building at 330 Hudson Street.

The investment firms acquired the interest through a joint venture with affiliates of Beacon Capital Partners for approximately $150 million. The transaction is the fifth joint acquisition between Ivanhoe Cambridge and Callahan Capital Properties, bringing their total shared investments to more than $2.1 billion.

The 16-story, 467,000-square-foot newly renovated building now features eight new column-free tower floors, ceilings that range in height from 11 to 17 feet and exposed brick and beam elements.

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“330 Hudson is a leading example of the creative work environment that is increasingly desirable to the growing technology and media industries in Hudson Square, which is one of New York’s most promising urban live/work neighborhoods,” said Adam Adamakakis, executive vice president of U.S. Investments at Ivanhoe Cambridge, in a news release. — Sasha von Oldershausen