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Aby Rosen pays $135M for former Jehovah’s Witnesses hotel

Aby Rosen pays $135M for former Jehovah’s Witnesses hotel

Aby Rosen’s RFR Realty paid $135 million to buy the Jehovah’s Witnesses’ former residential hotel at 90 Sands Street, property records filed Tuesday show.

The 400,000-square-foot building is part of a six-building portfolio that the Witnesses went into contract to sell to RFR, Kushner Companies, LIVWRK and Invesco for $375 million in 2013. The partners closed on the five other buildings – 117 Adams Street, 175 Pearl Street, 77 Sands Street, 88 Prospect Street and 55 Prospect Street – in 2013 for $240 million. Earlier this year, Invesco was bought out of the other properties,  and Normandy Real Estate Partners took a majority stake in 175 Pearl Street.

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