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Microsoft Leases 70K SF at Newly Built Offices

Microsoft has signed a lease for about 70,000 square feet of space with the new owners of 300 Lafayette St., who have just closed their $125-million purchase of the newly developed, 11-story office tower, the New York Post reported.

The building’s developers, Related Cos. and LargaVista Companies, agreed to sell the project to Nightingale Properties and Wafra Capital Partners in 2017, while it was under construction. The same buyers are also under contract for 711 Fifth Ave. for $907 million, the Post reported.

The building is on a long-term ground lease on land owned by LargaVista on the site of the former BP gas station, opposite the Puck Building.

NKF’s Dustin Stolly and JLL’s Clark Finney marketed 300 Lafayette for sale. Finney also represented the project’s buyers on the office lease with Microsoft. His JLL colleague Lisa Kiell represented the tenant.

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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
  • ◦Lease