Mid Atlantic Real Estate Journal — The Best of 2011 — March 16 - 29, 2012 — C
The Largest Office Sale of 2011
Cushman & Wakefield 70 & 90 Hudson Street — $310 Million —
Studley, Inc. 740 15th St NW (ABA Building) — $69.25 Million —
Beacon Commercial 15 Kings Grant — $3.69 Million —
Size (square footage/acreage): 827,318 s/f Broker(s): Andrew J. Merin, David W. Bernhaut, Gary Gabriel, Brian J. Whitmer
City, State: Washington, DC Size (square footage/acreage): 173,000 s/f Broker(s): ABA was represented in the transaction by John Goodman, Vernon Knarr, Parker Lange and Art Greenberg Studley assisted the American Bar Association with selling its historic building at 740 15th St., N.W.—a block from the White House—to an entity controlled by the John Buck Company. The ABA retained the flexibility to lease back its current premises through Aug. 31, 2013, which allows the Association time to complete a relocation.
Cushman &Wakefield, Inc.’s MetropolitanArea Capi- tal Markets Group has orchestrated the trade of 70 and 90 Hudson Street in Jersey City. CBREI acquired the trophy-quality office assets from Hartz Mountain In- dustries for $310 million. Completed in 2000 and 1999, respectively, they total 827,318 square feet and are fully leased to several large financial services firms.
City, State: Bala Cynwyd, PA Size (square footage/acreage): 53,920 s/f Gene McHale, Mike Flynn, Colin McHale
were the brokers for both parties in the sale of 53,920 s/f three-story office building. Keystone Property Group acquired the property from Liberty Mutual Insurance.
Metropolitan Area Capital Markets Group
70 & 90 hudSon STrEET 827,000 SF SalE oF TWo Bldg. TroPhy oFFicE PorTFolio JErSEy ciTy, nJ
10 ExchangE PlacE 748,000 SF SalE oF TroPhy WaTErFronT
oFFicE Building JErSEy ciTy, nJ
2 Journal SquarE 325,000 SF SalE oF TranSiT-oriEnTEd oFFicE ToWEr JErSEy ciTy, nJ
695 E. Main STrEET 568,000 SF SalE oF claSS a cBd oFFicE ToWEr STaMFord, cT
BErnardS 78 202,000 SF
1600 STEWarT avEnuE 223,000 SF
SalE oF claSS a oFFicE Building BErnardS ToWnShiP, nJ
SalE oF claSS a oFFicE Building gardEn ciTy, ny
Andrew J. Merin, Vice Chairman 201-460-3358 David W. Bernhaut, Vice Chairman 201-460-3356 H. Gary Gabriel, Exec. Vice President 201-460-3352 Brian J. Whitmer, Senior Director 201-508-5209
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