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The transaction involves not only the building but the entire 72.5-acre site that includes a 12.3-acre container storage area, as well as a future development site covering 24.2-acres.
“With unemployment below 4 percent, companies are focusing on making smart decisions about their space – decisions that keep their employees happy and engaged,” says Revathi Greenwood, Americas head of research at Cushman & Wakefield.
The arrival of 300 Grant Ave., the first ground-up retail and office development in Union Square in 30 years, is one of the most highly anticipated opportunities with 180 feet of trophy retail frontage.