New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Tishman Speyer Makes First NYC Office Acquisition Since 2019
Tishman Speyer said Monday it had acquired 148 Lafayette St., a fully leased, 12-story boutique office building in Manhattan’s SoHo neighborhood, from EPIC for $105.5 million. Financed in part by a $68.3-million loan from Blackstone Real Estate Debt Strategies, it’s Tishman Speyer’s first office acquisition in New York City since 2019 and its first in the U.S. since 2021.
The 153,000-square-foot, Class A building is leased to a diverse range of office customers, including venture capital firm General Catalyst and beauty and cosmetics firm Charlotte Tilbury. 148 Lafayette’s street-level retail is fully occupied by boxing gym Five Points Academy and clothing store 260 Sample.
“148 Lafayette presented us with a compelling opportunity to capitalize on the strengthening New York City office leasing environment by acquiring a top-quality, boutique asset in one of the city’s most dynamic neighborhoods,” said Tishman Speyer managing director Albert Schmool.
A Newmark team led by Adam Spies and Avery Silverstein led the transaction on behalf of EPIC.
- ◦Sale/Acquisition
