40 Mercer Retail Condo Sold! Price Tag: $41.9 M.

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40mercer2 0 40 Mercer Retail Condo Sold! Price Tag: $41.9 M.Nearly two years after it was first put on the market, the retail space at the Jean Nouvel-designed 40 Mercer Street condo has sold for a pretty impressive $41.9 million, according to city records. The transaction closed on April 12.

An outfit called GLL Real Estate Partners, which has offices in Orlando, Munich, and Walnut Creek, Calif., is the purchaser. A GLL spokesman declined to comment, citing (oft-violated) confidentiality agreements. But the firm’s Web site lists, among its assets, Liberty Corner in Warsaw, Charles De Gaulle Plaza in Bucharest, and 199 Fremont in San Francisco.

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Woody Heller, the Studley broker reportedly in charge of the listing, also declined to comment.

In June 2008, the Post‘s Steve Cuozzo first reported the offering. He described it thusly:

The condo unit for sale, known as 465 Broadway, has 9,400 square feet of floor space at sidewalk level. It’s currently leased to three high-end stores – Bose, Dermalogica and Vivienne Tam – as well as Wachovia bank.

Heller predicted a sale price “in the $50 million range.” He said the appeal of the unit – both as a long-term investment to a buyer and to retail users – is that modern store space is almost nonexistent in SoHo, least of all in a building designed by one of the world’s most celebrated contemporary architects.

Forty Mercer was developed by Hines and Andre Balazs.

drubinstein@observer.com