The Real Deal New York

Epic to buy Meatpacking building for $70M

May 03, 2011 06:22PM

New York City and London-based real estate company Epic is acquiring 15 Little West 12th Street, a five-story Meatpacking District office building, from Taconic and Square Mile Capital partners for $70 million, Epic co-founder Steven Elghanayan told Real Estate Weekly.

The 70,000-square-foot building was originally imagined by late party planner and wannabe developer Robert Isabell. Currently, furniture company Arhaus occupies 32,000 square feet at the base of the building. Palantir Technologies has the penthouse. Office space is still available on floors three and four, and Epic plans to rent them for between $65 and $70 per square foot.

Elghanayan also said that the company intends to retain a leasing team from Newmark Knight Frank, whose New York area president David Falk oversaw the deal with Palantir. [Real Estate Weekly]


Comments are closed.