NEW YORK CITY-Allianz Real Estate has acquired a 49% stake in anoffice condominium in the 30 Hudson Yards office building for $384million. The deal is structured as a sale leaseback as part of aconsortium alongside Related Cos. and a third-party investor, whohave acquired the remainder of the office condominium.
The condominium is 1,463,234 square feet across 26 floors. The2.6 million square foot tower is the second-tallest office buildingin New York and home to the highest outdoor observation deck in thecity. The 90-story building stands 1,296 feet tall.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
