DivcoWest has announced the acquisition of a 10-storey mixed-use building in New York.

IPE Real Assets understands that the real estate investment firm paid $135m (€156m) to buy 325 Hudson Street asset located Hudson and Vandam Streets in lower Manhattan from Jamestown.

Ariel Aber, DivcoWest’s head of the New York region, said the 220,000sqft building offers real optionality for a variety of users.

“There is tremendous interstitial space between floors, which will appeal to research use, while the large floor plates with clear window lines will also benefit life science and creative office users.”

DivcoWest believes these features, combined with the connectivity, technology infrastructure and location, make the building a rare proposition for enterprises across media, life science and office sectors.

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