Cannon Hill has agreed to purchase a New York City office property that spans from 33 to 35 E. 18th Street for $38 million from Columbia Property Trust, according to a report from the New York Business Journal.
The 100,000 square feet of commercial space is adjacent to the 888 Broadway that it already owns in the Flatiron District in Manhattan. Cannon has entered an $84.1 million mortgage on both properties with Situs Holdings LLC, according to NYBJ.
Additionally, the two buildings house Netflix's corporate offices. For both buildings, the tech giant operates a combined space on the third, fifth, sixth, and seventh floors. Plus, the company at 880 Broadway has a rooftop penthouse.
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