Fresh off its deal for the Chrysler Building, Aby Rosen’s RFR Realty is picking up an office and retail building in the Meatpacking District for $129.5 million.
The firm plans to lease the entire office portion of the building at 875 Washington Street to the co-working network Soho Works, according to Crain’s. The space totals almost 53,000 square feet, and rents likely went for about $130 per square foot.
RFR bought 875 Washington Street from ASB Real Estate, which bought out its former partner Thor Equities at the property two years ago in a deal valuing the building at about $130 million.
RFR purchased the Chrysler Building for roughly $150 million last month, significantly less than the $800 million an Abu Dhabi government fund paid to buy the famed property in 2008 from Tishman Speyer. [Crain’s] – Eddie Small