The St. John's Terminal complex is bordered by the West Side Highway, and Clarkson, Washington and Spring streets.
NEW YORK CITY—Oxford Properties Group and Canada Pension Plan Investment Board have closed on the acquisition of the south portion of the St. John's Terminal site, for $700 million. The sellers are Westbrook Partners and Atlas Capital Group. Oxford will own a 52.5% interest and manage the development. CPPIB will own the remaining 47.5% interest.
The 3.25 acre complex features 600 feet of Hudson River frontage. Built in 1934 as the freight rail terminus to the High Line, the existing St. John's Terminal has soaring ceiling heights and over-sized floor plates.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
