K Property Group (KPG) and Intercontinental Real Estate Corporation have purchased 30 Howard St. and 32 Howard St., two five-story commercial buildings in Manhattan’s SoHo neighborhood.

“It is a construction and development opportunity that combines beautiful history and trendy innovation with an opportunity to create union labor jobs,” said Peter Palandjian, Chairman & CEO of Intercontinental.

The new owners plan to gut and combine the two structures, and build extensions on the rear and the roof. When completed, there will be approximately 42,000 rentable square feet of luxury full-floor and smaller pre-built offices on the second, third and fourth floors; and a duplex office penthouse with outdoor terrace on the fifth and sixth floors.

For comments, questions or concerns, please contact our New York commercial real estate editor Bendix Anderson