KKR eyeing 400K sf office condo at Hudson Yards

Private equity firm would move from 9 West 57th Street

TRD New York /
May.May 12, 2015 08:30 AM

Private equity giant Kohlberg Kravis Roberts is considering buying a 400,000-square-foot office condo in Hudson Yards.

The firm has occupied 160,000 square feet in Sheldon Solow’s 9 West 57th Street for nearly two decades, the New York Observer reported. Now, it is considering investing in Related Companies’ and Oxford Properties Group’s massive West Side development.

Related and Oxford are “going to take advantage there in the strong interest in the investor market and look to monetize and take some of the risk off of the table for some of the opportunities they are marketing,” a source told the newspaper. “I’m sure it’s not a [financial] stretch to get the space.”

Other companies that have already taken space in Hudson Yards include Coach, which snagged a 740,000-square-foot condo in 10 Hudson Yards for its global headquarters, and Time Warner, which is heading to 30 Hudson Yards.

Related, KKR and CBRE, which is marketing the space, did not comment. [NYO]Tess Hofmann


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

Facebook close to finalizing Hudson Yards office deal: report
Neiman Marcus at Hudson Yards and Geoffroy van Raemdonck (Getty)

Neiman Marcus exits bankruptcy $4B lighter

Neiman Marcus exits bankruptcy $4B lighter
Barclays CEO Jes Staley and Hudson Yards (Getty)

Barclays eyes big move to Hudson Yards

Barclays eyes big move to Hudson Yards
From left: Tishman Speyer CEO Rob Speyer, Fiorello LaGuardia and Robert Moses. Inset: Hiten Samtani and Charles Bagli (Getty Images, Wikipedia Commons)

Tuna fish sandwiches and billion-dollar deals: Charles Bagli on other people’s money and the next life of New York

Tuna fish sandwiches and billion-dollar deals: Charles Bagli on other people’s money and the next life of New York
Jeff Blau and Hudson Yards (Getty, WIkipedia)

Hudson Yards’ EB-5 investors demand arbitration with Related

Hudson Yards’ EB-5 investors demand arbitration with Related
Thomas Keller with Bouchon Bakery and TAK Room in Hudson Yards (Taylor Hill/FilmMagic, Bouchon Bakery by David Escalante via Thomas Keller Restaurant Group; TAK Room by John Lamparski/Getty Images for The Conservatory NYC)

Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards

Thomas Keller closing TAK Room, Bouchon Bakery at Hudson Yards
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...