The Real Deal New York

KKR close to 400K sf buy at 30 Hudson Yards

Private equity giant joins major tenants Related, Time Warner

October 27, 2015 08:05AM

A rendering of Hudson Yards (inset: Henry Kravis)

A rendering of Hudson Yards (inset: KKR’s Henry Kravis)

Private equity firm Kohlberg Kravis Roberts is about to pull the trigger on a long-rumored Hudson Yards investment.

KKR is looking to buy 400,000 square feet of space at 30 Hudson Yards, which is now under construction at West 33rd Street and 10th Avenue, the New York Post reported.

The company, which would relocate from its 160,000-square-foot space at Sheldon Solow’s 9 West 57th Street, has been mulling the move since at least May of this year.

A number of major tenants have already signed on to occupy the 90-story, 2.6 million-square-foot tower, which is set to open in 2019. Time Warner has committed to buy over half the building’s space in the form of a 1.6 million square office condo.

The Related Cos., which is developing the Hudson Yards complex along with Oxford Properties Group, announced last week it would take 270,000 square feet across six of the building’s upper floors. Oxford, for its part, will take 45,000 square feet. [NYP]Ariel Stulberg