450 Park Ave. |
The selling price of the 330,000-sf building, which was first revealed in July, is $509 million. Somerset principals Keith Rubenstein and Marshall Allan headed the transaction for the buyer; Douglas Harmon, senior managing director of Eastdil Secured, represented the seller. Rubenstein confirms to GlobeSt.com that the property was sold for around $1,540 per sf. According to a Bloomberg report, the price tag was the most ever paid for a US office tower on a per-sf basis.
Rubenstein |
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