Sale of West Village Office Building Fetches $288M

Meadow Partners has purchased the 203,412-square-foot office building at 95 Morton Street for $288.238 million, or about $1,417 per square foot. The West Village property that spans the entire Washington Street blockfront between Morton and Barrow Streets was sold by RFR Realty, having acquired the asset in April 2017 for $205.962 million, or about $1,013 per square foot according to city records. German lender Deutsche Bank provided a $60 million gap mortgage as well as the assignment of existing debt in the amount $95 million from California-based Wells Fargo. Recent leasing activity reported in January 2022 includes a 75,000-square-foot lease spanning three floors by Jacksonville, FL-based Fanatics. The sports e-commerce firm that had recently been acquired by trading card giant Topps relocated from 205 Hudson Street in Hudson Square, expanding from 50,000 square feet in the move.