85 Tenth Avenue | The Real Deal New York

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85 Tenth Avenue

85 Tenth Avenue
New York, NY 10011
(212) 801-1000
Website
Office, Leasing/Rental

85 Tenth Avenue is a 635,000-square-foot, 11-story office building, located on the border of West Chelsea and the Meatpacking District. The building, a former Nabisco cookie factory erected in 1913, contains 10 floors of office space and 40,500-square feet of retail-restaurant spaces. The building, where Nabisco baked its first Oreo cookies, sits directly across the street from The High Line, public park built on a disused, elevated rail line. In 2014, internet-search giant Google, agreed to lease 180,000 square feet at 85 Tenth Avenue, which is near its other New York offices.

Vornado Realty Trust is a lender on the property and owns a 50% stake with Related Companies, the developer and landlord. Related acquired the building in 2007 from Somerset Partners for $430 million. Somerset acquired the building in 2005 for $300 from Angelo Gordon of Belvedere Capital and Irwin Cohen. Gordon and Cohen bought the building as part of a five building portfolio in 1998 before selling it in 1999 and then buying it back again in 2003. From 1998 to 1998, Level 3 Communications, a telecommunications firm, owned the building, using it to house equipment to handle the anticipated surge in Internet transactions during the dot-com boom.

-MK

  • Year Built 1914
  • square feet 635,000
  • block and lot 1-00687-0029
  • BIN 1012277

04/30/18
...in the fall in the Meatpacking District at 85 Tenth Avenue. Robuchon has 31 Michelin stars, the most of any chef in the world, and he...

02/12/18
...Chelsea Market building), signed leases at SuperPier and 85 Tenth Avenue, and entered talks for a temp spread at Starrett-Lehigh. But when you’re one...

01/19/18
...at Vornado Realty Trust and the Related Companies’ 85 Tenth Avenue, which sits in between 111 Eighth and SuperPier, forming a string of offices in the...

03/10/17
...left: 500-512 Seventh Avenue 90-100 Trinity Place and 85 Tenth Avenue The delinquency rate for New York City’s CMBS market fell in February, while...

02/14/17
...at 1384 Broadway, and two loans totaling $125 million on 85 Tenth Avenue, owned by Vornado Realty and Related Companies. While the new laws had bred some...

05/12/16
...it paid $294 million for an office building at 85 Tenth Avenue, which it sold for $430 million two years later. It followed that with the 2007 purchase...

...it paid $294 million for an office building at 85 Tenth Avenue, which it sold for $430 million two years later. It followed that with the 2007 purchase...

01/27/14
...to take 360,000 square feet at the Related Companies’ 85 Tenth Avenue, according to previous news reports...

10/21/13
...tower at 450 Park Avenue. Also in 2007, It Sold 85 Tenth Avenue -- a 540,000-square-foot office building where Google recently took 360,000 square feet -- to the...

12/28/09
...the space currently occupied by his Craftsteak at 85 Tenth Avenue, which is slated to shutter by Jan. 1.  Midtown now has a Lenny’s...

...Chelsea building could fetch $300M 85 Tenth Avenue is back on the market again after its purchase in 2003 by Angelo Gordon of...

04/26/05
...The Post reports that the owners of 85 Tenth Avenue have placed the 15-story, 600,000-square foot former Oreo Cookie factory located in the MeatPacking...
  • Event Financing
  • Address 85 Tenth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 11
  • Price $ 396,000,000
notes
The company secured a $396 million loan.
  • Event Office Leasing
  • Address 85 10th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 180,000
notes
The technology company signed a lease.
  • Event Office Leasing
  • Address 85 10th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 55,000
  • Price per foot $ 48.00
notes
The marketing agency signed a six-year sublease.
  • Event Sales
  • Address 85 10th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 600,000
  • Price $ 430,000,000
  • Price per foot $ 716.67
notes
The former Oreo cookie factory is under contract for $430 million, or $717 per square foot. Somerset paid $294 million for the building in July 2005.
  • Event Office Leasing
  • Address 85 Tenth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 56,000
  • Publication Date 08/01/2005
  • Event Date 06/22/2005
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker David Falk, Peter Shimkin, Nick Berger
  • Party 2 Moet Hennessey USA
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Don Preate, Frank Coco, Jamie Katcher
notes
Spirits distributor to relocate hq from 2 Park Ave
  • Event Sales
  • Address 85 Tenth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 600,000
  • Price $ 300,000,000
  • Price per foot $ 500.00
  • Publication Date 08/01/2005
  • Event Date 06/22/2005
  • Party 1 A. Gordon, Belvedere Capital, I. Cohen, ATC Management
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Douglas Harmon
  • Party 2 Somerset Partners
  • Party 2 Brokerage in-house
  • Party 2 Broker Keith Rubenstein, Marshall Allan
notes
Former Nabisco factory sold for $300 million; reportedly record price per sf for area
  • Event Office Leasing
  • Address 85 Tenth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 56,000
notes
Cable network expands and relocates
  • Event Office Leasing
  • Address 85 Tenth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 20,000
  • Publication Date 06/01/2004
  • Event Date 04/22/2004
  • Party 1 Irwin Cohen-led partnership
  • Party 2 Chef Mario Batali and partners
notes
Restaruant Il Posto to open across from Chelsea Market