KKR close to 400K sf buy at 30 Hudson Yards

Private equity giant joins major tenants Related, Time Warner

New York /
Oct.October 27, 2015 08:05 AM

Private equity firm Kohlberg Kravis Roberts is about to pull the trigger on a long-rumored Hudson Yards investment.

KKR is looking to buy 400,000 square feet of space at 30 Hudson Yards, which is now under construction at West 33rd Street and 10th Avenue, the New York Post reported.

The company, which would relocate from its 160,000-square-foot space at Sheldon Solow’s 9 West 57th Street, has been mulling the move since at least May of this year.

A number of major tenants have already signed on to occupy the 90-story, 2.6 million-square-foot tower, which is set to open in 2019. Time Warner has committed to buy over half the building’s space in the form of a 1.6 million square office condo.

The Related Cos., which is developing the Hudson Yards complex along with Oxford Properties Group, announced last week it would take 270,000 square feet across six of the building’s upper floors. Oxford, for its part, will take 45,000 square feet. [NYP]Ariel Stulberg


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
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)
Related is the latest developer to target the Rockaways
Related is the latest developer to target the Rockaways
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
Mark Zuckerberg with 55 and 30 Hudson Yards
Meta to cut Hudson Yards office space
Meta to cut Hudson Yards office space
From left: Ilitch Holdings' Chriistopher Ilitch and Related Companies' Stephen Ross with 2250 Woodward Avenue
Ilitch, Ross propose $1.5B Detroit development
Ilitch, Ross propose $1.5B Detroit development
Related Companies' Stephen Ross with One Flagler, 360 Rosemary, and 515 Fern (Getty, Related Companies)
Mapping out Steve Ross’ South Florida empire
Mapping out Steve Ross’ South Florida empire
Mayor Eric Adams, Related Companies' Stephen Ross and Sterling Equities' Fred Wilpon with a rendering of the soccer stadium (The Related Companies, Sterling Equities, Getty)
Related, Sterling to develop Queens soccer stadium, hotel, 2,500 apartments
Related, Sterling to develop Queens soccer stadium, hotel, 2,500 apartments
 Related Companies’ Stephen Ross and Brookfield’s Brian Kingston (Illustration by The Real Deal; Getty)
Mapping out the explosion of commercial development in Hudson Yards
Mapping out the explosion of commercial development in 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...