search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

Samsung set to beat out Facebook, Google at 837 Washington

Electronics giant close to inking full-building lease at hot property in Meatpacking District

837 Washington Street
837 Washington Street

Samsung Electronics is close to leasing the entire building at 837 Washington Street in the Meatpacking District.

Facebook, Google and Ferrari have also been bidding to lease out the whole property.

Sign Up for the undefined Newsletter

Asking rent for the ground floor of the 55,000-square-foot glass building between Little West 12th and 13th streets is $500 per square foot, the New York Observer reported.

Samsung already opened a hands-on innovation and design center called Samsung Living Atelier in the building, which is being developed by Thor Equities and Taconic Investment Partners.

The property, which is located across from the Whitney Museum’s new location, has a roof that overlooks the High Line. The development includes more than 7,000 square feet of outdoor space on the second and third floors. When the building is completed later this year, the property will boast a total of 28,000 square feet of retail on the ground level and the second floor. The third through sixth floors will house an additional 27,000 square feet of office space. [NYO]  — Claire Moses

Tags
Taconic Investment PartnersThor Equities