Friday, October 11, 2013

HFF closes $35 million sale of development site in Manhattan’s Hudson Yards


Manhattan’s Hudson Yards neighborhood

Andrew Scandalios
NEW YORK, NY – HFF announced today that it has closed the $35 million sale of a 9,875-square-foot development site in Manhattan’s Hudson Yards neighborhood.

Jose Cruz
               HFF worked on behalf of the seller, a subsidiary of Lehman Brothers Holdings Inc.  New York-based real estate developer David Marx purchased the land parcel for $35 million.

The development site is situated on 9,975 square feet at 448-452 11th Avenue and 556 West 37th Street in the Hudson Yards neighborhood. 

The site is directly across the street from the Jacob K. Javits Center, and can accommodate residential, retail, hotel, office or entertainment uses.

Jeffrey Julien
The HFF team representing the seller was led by senior managing directors Andrew Scandalios and Jose Cruz and managing directors Jeffrey Julien and Kevin O’Hearn.

Kevin O'Hearn
“No immediate development plans for the site have been announced,” commented Scandalios.

For a complete copy of he company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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