City Agency Occupied LIC Building In Contract for $173M

A 60 Guilders-led partnership has entered into contract to purchase the approximately 550,000-square-foot Center Building at 33-00 Northern Boulevard for $173 million, or about $315 per square foot. Seller Vornado Realty Trust acquired the Long Island City property in 2015 for $142 million, the contract vendee gaining an asset that is near fully leased to government agencies including the Metropolitan Transportation Authority and the city’s Human Resources Administration.