David Werner Real Estate, a New York-based real estate investment trust, has acquired the 18-story Harding Building in New York's Garment District from a joint venture between Taconic Partners and Nuveen for $105 million, or about $255 a square foot. That's more than 60% off what the sellers paid for the building in January 2019, before "COVID" had entered the commercial real estate vocabulary.
David Werner Real Estate buys Harding Building in New York's Garment District at steep discount
Taconic Partners and Nuveen sell 412,000-square-foot office building
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IN THIS ARTICLE
- Properties
- Harding Building
440 Ninth Ave, New York, NY
- Companies
- David Werner Real Estate
Real Estate
- Taconic Partners
Real Estate
- Nuveen
Finance and Insurance
- Contacts
- Douglas Middleton
Vice Chairman, CBRE
- Jack Stillwagon
First Vice President, CBRE