CommonWealth Partners is paying $1.03 billion for Hudson Commons—25-stories and 697,958 sq. ft. at 441 Ninth Avenue—which was sold by Cove Property Group and The Baupost Group. CBRE brokered the deal.
The property has LEED Platinum status and is the adaptive reuse of an old factory warehouse that included a glass overbuild.
Given that the parties have been calling the building the "office of the future," the price is significant.
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