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RPG Closes Office Condo Sale for Thor Equities

Rudder Property Group (RPG), which specializes in office condominium sales, closed on the sale of a 5,314-square-foot office condominium to Sonic Union at 24 W. 40th St. The audio post-production firm acquired the sixth-floor space from Thor Equities for $6,483,080, or $1,220 per square foot.

Sonic Union—whose client roster includes Coach, Macy’s, Volkswagen, Verizon, American Express, Amazon, Facebook, Johnson & Johnson and others—has occupied the space since January 2018, before deciding to purchase the full-floor office. The asking price was $6.9 million.

“Sonic Union wisely seized the opportunity to purchase the office space it was already leasing—a win-win for a company that executed an extremely high-end build out for its audio post production business,” said Michael Rudder of RPG. “Now, the company is able to retain its space while gaining significant equity for the business long-term.”

Tom Lischak of Bridgeway Commercial Realty represented Sonic Union.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition