American Copper Buildings to change hands for $850M – New York Business Journal

JDS Development Group LLC and Baupost Group LLC agreed to sell two luxury apartment buildings in the Murray Hill section of Manhattan, N.Y., to Black Spruce Management LLC for $850 million, the New York Business Journal reported, citing unnamed sources.

The American Copper Buildings, which are connected by a three-story bridge, include 600 market-rate and 160 rent-stabilized units, along with other amenities, the report said.

Cushman and Wakefield, which brokered the deal, declined the publication's request for comment.