NEW YORK CITY-As was predicted last month, Kushner Cos. and the CIM Group have sold J.C. Penney's office building at 200 Lafayette St. The sale price was undisclosed but industry watchers previously forecasted that the deal would close for a little more than $150 million. The name of the buyer—and any brokers on the deal—also was unavailable.

Penney signed a 15-year lease for the entire building back in May, 2012. The seven-story office and retail building spans 121,000 square feet. Sitting on the corner of Lafayette and Broome streets, the building is close to several major thoroughfares, including Broadway, Canal and Houston streets, as well as both the Manhattan and Brooklyn bridge. It's also near several subway stations.

According to an announcement of the deal, “CIM Group identified SoHo as an urban district that meets the firm's strategic investment model, which focuses on established and emerging urban areas with solid infrastructure and transportation networks as well as significant public and private investment.”