Cove Property and Baupost Group makes $1b sale of Hudson Commons

Cove Property Group and The Baupost Group announced the $1.033 billion sale of Hudson Commons, the 697,958-square-foot, 25-story trophy tower at 441 Ninth Ave., to CommonWealth Partners in a transaction arranged by CBRE.

Located at the transportation-rich nexus of Hudson Yards and Manhattan West, Hudson Commons occupies the full block of Ninth Avenue from 34th Street to 35th Street. The property is a highly regarded New York City redevelopment, pairing the adaptive reuse of an existing brick-factory building with a modern glass overbuild, setting a new bar for “the office of the future.” One of only four NYC office properties to achieve LEED Platinum status, Hudson Commons was designed before the pandemic to be one of the nation’s healthiest office environments. Hudson Commons is rich in amenities and evokes a luxury boutique hotel while also delivering efficient, flexible space with high (14 feet or more) ceilings, natural light, breathtaking vie