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15 Laight St. Lower Manhattan

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. 


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Greenberg Traurig

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).