Kushner, CIM Acquire Office Building In Lower Manhattan

Law360, New York (June 12, 2013, 5:45 PM EDT) -- CIM Group and The Kushner Cos. have purchased a 26-story office building at 2 Rector St. in Manhattan, CIM announced Wednesday.

The downtown building includes about 466,000 square feet of rentable space and covers a full block on Rector Street, bordering Trinity Place and Greenwich Street. The parties did not disclose financial details of the transaction.

The building is just a few blocks from the World Trade Center, where a multibillion-dollar redevelopment project is underway.

“Lower Manhattan is one of New York city's fastest growing submarkets,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.