Guardian Life Finds Buyers for Headquarters Building

January 22, 2019 by Betsy Kim

GFP Real Estate and Northwind Group have agreed to buy 7 Hanover from Guardian Life Insurance Company of America for $308.5 million.

Guardian has had its headquarters in the 29-story building, which is in lower Manhattan, since 1999.

The life, annuity and disability issuer plans to move its headquarters farther north, and to the west, to Hudson Yards.

Cushman & Wakefield’s Doug Harmon and Adam Spies brokered the 7 Hanover deal. The parties expect to complete the transaction in September 2019.

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Originally Posted at ThinkAdvisor on January 21, 2019 by Betsy Kim.