September 26, 2016
An unnamed European investor just grabbed the Tiffany Building, capping off an exciting week of completed deals in Union Square. Cushman & Wakefield retail vice chairman Kazuko Morgan and executive managing director Seth Siegel led the team advising sellers Greenstone Realty Advisors and 360 Post LP.
“The Tiffany building is an irreplaceable asset that generated worldwide appetite from the highest caliber of investors and represents the continuing demand of iconic trophy buildings around the globe,” Kazuko says.
The 11-story building has 96k SF of luxury high-street retail and office space and 75 feet of retail frontage on Post Street. In addition to Tiffany & Co’s flagship store, the building hosts the US headquarters for Cathay Pacific.
Two other Union Square acquisitions were completed within the last week: 220 Post St and 240 Stockton St.