
Vanbarton Garners $274M in Sale of 15 Laight St. in Tribeca
Vanbarton Group has sold 15 Laight St., an eight-story office building in Lower Manhattan’s Tribeca neighborhood, to 15 Laight NY LLC for a reported price of $273.5 million. The buyer behind the LLC is reportedly Hyundai, which plans to use the property for office and showroom space.
New York-based Vanbarton, a real estate investment and advisory company, previously purchased the building in 2016 and completed a full renovation of the 108,000-square-foot property, converting it to boutique offices. Located at the mouth of the Holland Tunnel, the site formerly was a venue for the Tribeca Film Festival.
Karen L. Geringer and Gary S. Kleinman, real estate practice shareholders at global law firm Greenberg Traurig, LLP, assisted Vanbarton in the sale.