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
- Address 85 Tenth Avenue
- neighborhood Chelsea
- borough Manhattan
- owner Related Companies, Vornado Realty Trust
- owner entity 85 TENTH AVENUE ASSOCIATES, L.L.C.
- sales/marketing Related Companies, Kristy Partlow
- Year Built 1914
- square feet 635,000
- block and lot 1-00687-0029
- BIN 1012277
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- Event Financing
- Address 85 Tenth Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 11
- Price $ 396,000,000
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Deutsche Bank
- Party 2 Related Companies
- Event Office Leasing
- Address 85 10th Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 180,000
- Publication Date 12/01/2014
- Event Date 10/17/2014
- Party 1 Vornado Realty Trust, Related Companies
- Party 2 Google
- Event Office Leasing
- Address 85 10th Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 55,000
- Price per foot $ 48.00
- Publication Date 08/01/2010
- Event Date 06/22/2010
- Party 1 CBS Broadcasting
- Party 1 Brokerage Savills Studley
- Party 1 Broker Dan Posey
- Party 2 Publicis Modem
- Party 2 Brokerage Byrnam Wood
- Party 2 Broker Gordon Ogden, Joseph Thanhauser
- Event Sales
- Address 85 10th Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 600,000
- Price $ 430,000,000
- Price per foot $ 716.67
- Publication Date 04/01/2007
- Event Date 02/20/2007
- Party 1 Somerset Partners
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Douglas Harmon
- Party 2 Realted Companies
- 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
- 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
- Event Office Leasing
- Address 85 Tenth Avenue
- Neighborhood Chelsea
- Borough Manhattan
- Square feet 56,000
- Publication Date 03/01/2005
- Event Date 01/20/2005
- Party 1 I. Cohen, A. Gordon, Belvedere Cap. partnership
- Party 1 Brokerage Newmark Grubb Knight Frank
- Party 1 Broker David Falk, Peter Shimkin, Nick Berger
- Party 2 CSTV: College Sports Television
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Jared Horowitz, Barry Zeller
- 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