STELLAR, IMPERIUM BUY TWO SOHO OFFICE BUILDINGS FOR $200M

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NEW YORK CITY — A joint venture between Stellar Management and Imperium Capital has purchased two SoHo office buildings located at 161 Avenue of the Americas and 233 Spring St. The buildings total 650,000 square feet and industry sources have cited a purchase price of $200 million. There were no brokers involved in the transaction. The properties are located within the Hudson Square Business Improvement District, a lower Manhattan neighborhood bounded by West Houston Street on the north, Canal Street on the south, 6th Avenue on the east and the Hudson River on the west. Hudson Square is home to several design and media companies.

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