The Real Deal New York

Silver Lake in talks to move to 55 Hudson Yards

The private equity firm would leave its office at Solow's 9 W. 57th St.
February 28, 2017 06:04PM

55-Hudson-Silver-lake

Silver Lake co-founder Jim Davidson and 55 Hudson Yards

Silver Lake, an investment firm that has backed the likes of Alibaba and Dell, is in talks to move its New York offices to 55 Hudson Yards, according to Bloomberg. The company is said to be looking for around 50,000 square feet at the upcoming office tower. 

The move would make Silver Lake the second marquee tenant to leave the Solow Building TRData LogoTINY at 9 West 57th Street for a new home at Hudson Yards, after private equity firm KKR bought a 343,000-square-foot office condo at 30 Hudson Yards in 2015.The news was first reported by the business and politics website Axios.

Other tenants signed up at the 1.3 million-square-foot 55 Hudson include Steve Cohen’s Point72 Asset and law firm Milbank Tweed Hadley & McCloy. The tower is being developed by Mitsui Fudosan, which owns a majority stake, along with Related Companies and Oxford Properties.

Another potential tenant is the law firm Cooley, which is spearheading Snap’s upcoming IPO and potentially eyeing up to three floors at the tower, as The Real Deal reported.  [Bloomberg] — Will Parker