A Record Indeed! 450 Park Sale Closes

The sale of 450 Park Avenue is a done deal–and it was a whopper of one, setting a per-square-foot record of $1,566 for a U.S. office building, according to Bloomberg News.

The Observer called it back in July, when the building went to contract. Back then, we wondered why Harry Macklowe didn’t buy 450 Park, considering he controls the development site next to it.

Oh well. Now, officially, Somerset Partners owns it. Taconic Investment Partners and the New York Common Retirement Fund were the sellers.

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