The Real Deal New York

Tishman Speyer buys three West Side parcels for $438M

Developer picks up Hudson Spire and two other sites in all-cash deal

April 30, 2014 11:15AM

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Hudson Spire rendering (Inset: Jerry Speyer)

UPDATED, 1:54 p.m., April 30: Tishman Speyer closed on the purchase of Hudson Spire development site as well as two other nearby pieces of land in a $438 million all-cash deal. 

On the same day, the developer bought 435 10th Avenue for $238 million from the Rosenthal family, and two parcels — at West 34th Street and Hudson Yards Boulevard, and West 35th Street and 10th Avenue — for $200 million from Sherwood Equities, according to releases. Bob Knakal and James Nelson of commercial brokerage Massey Knakal Realty Services served as broker on the Hudson Spire deal. No brokers were involved in the other deal.

Tishman entered contract for the $200 million site earlier this month.

Tishman was the winning bidder in 2008 for the Hudson Yards site, but that deal fell through, with the Related Companies ultimately snagging the project, as previously reported. — Mark Maurer

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