TH Real Estate, TIAA’s real estate arm, had acquired the building in 2016 for $135 million from Atlas Capital Group, according to the Commercial Observer. However, the company now appears to be getting rid of its assets, as it recently put its Midtown headquarters at 730 Third Avenue on the market as well.
Live Nation subleases all eight stories of the 100,000-square-foot building from Palantir Technologies.
Will Silverman of Hodges Ward Elliott and Adam Spies, Doug Harmon and Kevin Donner of Cushman & Wakefield represented the seller. [CO] – Eddie Small