The Real Deal New York

LaSalle buys offices at GGP’s 200 Lafayette for $125M

80K sf space is occupied by JC Penney and Chobani
May 11, 2015 05:25PM

LaSalle Investment Management purchased a five-story office condo in Soho from General Growth Properties for $125 million.

GGP put the 80,000-square-foot space on the market earlier this year, according to Real Estate Capital. The portion of the building that it did not sell is 40,000 square feet of retail space. Darcy & Co. represented GGP in the deal.

It purchased the entire 19th-century building in 2013 for $150 million from a partnership between Kushner Companies and CIM Group.

Kushner previously leased the entire building to JC Penney in May 2012, but the retailer abandoned plans to open a store there and instead took just three of the five office floors. Chobani signed on to take the other two office floors earlier this year. [Real Estate Capital] — Tess Hofmann