NEW YORK CITY—Clarion Partners has acquired 180 Maiden Lane in a joint venture with MHP Real Estate Services. A reliable source of industry data reports that the purchase price was $470 million, or $394 per square foot. Clarion declined to confirm that information.
The building reportedly was sold by SL Green and the Moinian Group. The sellers and Clarion representatives could not be reached by press time.
MHP will handle property and project management, including the $28 million lobby and amenities renovation program. The leasing of the approximately 800,000 square feet of available space will be overseen by a joint venture between MHP and Cushman & Wakefield, with the latter firm's team being led by Tara Stacom, vice chairman of commercial brokerage.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
