RFR buying Meatpacking District building
for $130M

Firm plans to lease office portion of building to Soho Works

TRD NEW YORK /
Apr.April 03, 2019 06:15 PM

Aby Rosen and 875 Washington Street

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.

Soho Works, a division of Soho House, also recently leased 50,000 square feet at 10 Jay Street in Dumbo.

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


Related Articles

arrow_forward_ios
RFR Realty's Aby Rosen, 900 Third Avenue, and Paramount's Albert behler (Credit: Getty Images, Google Maps)

Aby Rosen in talks to buy Paramount’s East Side tower for $400M

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Cadre founder Ryan Williams and Allen Smith

Cadre brings on former Four Seasons CEO as president

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

RFR Realty's Aby Rosen, Brookfield's Ric Clark and the Lever House at 390 Park Avenue (Credit: Getty Images and Google Maps)

Aby Rosen’s new landlords move to take control of Lever House

250th Issue

The Real Deal celebrates 250 issues

arrow_forward_ios
Loading...