Live Nation inks lease at building next to Meatpacking HQ

Invesco is buying concert promoter's headquarters for $150M

TRD New York /
May 14, 2018 07:00 AM
 

412 West 15th Street, Rockpoint’s Keith Gelb and William Walton

Live Nation inked a 20,756-square-foot lease at Rockpoint Group and Highgate’s 412 West 15th Street, next door to its current Meatpacking District office.

The concert promotion company will continue to occupy the entire 100,000-square-foot building at 430 West 15th Street and expand its footprint in the neighborhood, Commercial Observer reported. Invesco signed a contract last month to buy that building for north of $150 million.

CBRE represented the landlord and Newmark Knight Frank represented the tenant in the deal at 412 West 15th Street.

Earlier this year, asset manager Tikehau Capital signed a lease for a record $195 per square foot at the 144,268-square-foot new development.

Meilman Family Real Estate and Highgate initially planned to build a hotel on the site, but in 2014 Rockpoint signed a 99-year lease for the property and the plans changed to office construction. [CO] — Konrad Putzier


Related Article

arrow_forward_ios
The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

arrow_forward_ios