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    Starrett-Lehigh Building

    601 West 26th Street
    New York, NY 10001
    Office, Leasing/Rental

    The Starrett-Lehigh Building at 601 West 26th Street is notable for two things: its sheer size and its most recent price tag.

    The 19-story, 2.3 million-square-foot building was constructed in 1930 and 1930 as a joint venture between the Lehigh Valley Railroad and the Starrett Corporation, a real estate investment firm. As such, it was built big enough so that trains could roll into its ground floor, with plenty of room left over for office and factory space above and around.

    Trains, of course, no longer roll into the building. But its design left it capaciously desirable, especially as West Chelsea gentrified around it. Such desirability meant that the Starrett-Lehigh Building fetched $920 million when it last traded in the summer of 2011. RXR Realty, a privately held real estate investment firm, partnered with a Canadian pension firm on the buy.

    Following its purchase, RXR set about a $50 million effort at upgrading the mechanics and the interiors of the building. Tenants include clothier Tommy Hilfiger, security firm Security Industry Specialists and advertising firm McGarryBowen.

    • Address 601 West 26th Street
    • neighborhood Chelsea
    • borough Manhattan
    • owner RXR Realty
    • owner entity RXR SL OWNER LLC
    • floors 19
    • Year Built 1931
    • square feet 2,300,000
    • block and lot 1-00672-0001
    • BIN 1012268
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 350,000
    notes
    The fashion company inked a deal to expand its lease for the Chelsea location.
    • Event Financing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 1,835,150
    • Price $ 900,000,000
    notes
    The owner secured a loan of $900 million for the Chelsea property.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood West Chelsea
    • Borough Manhattan
    • Square feet 16,572
    notes
    The designer and manufacturer inked a lease in West Chelsea for 11 years.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood West Chelsea
    • Borough Manhattan
    • Square feet 12,000
    notes
    The consumer brands company expanded its lease in West Chelsea.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood West Chelsea
    • Borough Manhattan
    • Square feet 45,080
    notes
    The publisher inked a lease at the 19-story building.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 2,205
    notes
    The interior designer signed a lease.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 19,000
    • Price per foot $ 60.00
    • Publication Date 08/01/2013
    • Event Date 06/22/2013
    • Party 1 RXR Realty
    • Party 1 Brokerage In-house
    • Party 2 Under Armour
    • Party 2 Brokerage Newmark Grubb Knight Frank
    • Party 2 Broker Jason Greenstein, David Falk
    notes
    The sports apparel company signed a 10-year lease for part of the 15th floor, Crain's reported.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 11,000
    notes
    The investment management firm signed a lease on the 15th floor.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 24,000
    • Publication Date 09/01/2012
    • Event Date 07/23/2012
    • Party 1 RXR Realty
    • Party 2 Centre for Social Innovation
    notes
    The social enterprise company signed a lease.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 47,144
    notes
    The advertising firm signed an expansion lease to add to its 130,000 square feet of space at the building, GlobeSt.com reported.
    • Event Sales
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 2,200,000
    • Price $ 900,000,000
    • Price per foot $ 409.09
    notes
    The Starrett-Leigh building sold for $900 million, or about $409 per square foot.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 3,500
    • Publication Date 04/01/2011
    • Event Date 02/20/2011
    • Party 1 Brokerage 601 West Associates
    • Party 1 Broker Peter Thorsen
    • Party 2 Bjarke Ingels Group
    • Party 2 Brokerage Prime Manhattan Realty
    • Party 2 Broker Shirley McEvoy
    notes
    The architectural firm signed a seven-year lease.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 33,213
    notes
    The fashion house signed an expansion lease.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 3,500
    • Price per foot $ 39.00
    notes
    The fashion designer signed a seven-year lease to relocate its offices from 330 West 38th Street.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 13,000
    • Publication Date 05/01/2009
    • Event Date 03/22/2009
    • Party 1 601 West Associates
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 1 Broker Ross Perlman, Lee Brodsky
    • Party 2 Stream 57
    • Party 2 Brokerage Capstone Realty Advisors
    • Party 2 Broker Jack Wynne, Thomas Murtha
    notes
    The software solutions provider subleased part of the eighth floor to relocate its offices from 462 Seventh Avenue.
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 109,000
    • Price per foot $ 30.00
    • Publication Date 01/01/2008
    • Event Date 11/22/2007
    • Party 1 NRDC Equity Partners
    • Party 2 Lord & Taylor
    • Party 2 Brokerage CBRE
    • Party 2 Broker Gregory Tosko
    notes
    The luxury department store signed a lease for new space. The deal comes on the heels of a planned $100 million renovation of its flagship store at Fifth Avenue and 38th Street.
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 47,144
    notes
    The licensing agency subleased space.
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 15,800
    • Publication Date 05/01/2007
    • Event Date 03/22/2007
    • Party 1 601 West Associates
    • Party 1 Brokerage in-house
    • Party 1 Broker Peter Thorsen
    • Party 2 LTB Media
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Mark Lauzon
    notes
    The art magazine publisher signed an 8.5-year lease for part of the fourth floor. It is relocating from 111 Eighth Avenue.
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 7,500
    • Publication Date 04/01/2007
    • Event Date 02/20/2007
    • Party 1 601 West Associates
    • Party 1 Brokerage 601 West Associates
    • Party 1 Broker Peter Thorsen
    • Party 2 Studio Gaia
    • Party 2 Brokerage Metro Spire
    • Party 2 Broker Esther Zar
    notes
    The architecture and interior design firm inked a 12-year lease.
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 40,000
    • Publication Date 09/01/2005
    • Event Date 07/23/2005
    • Party 1 Gartner
    • Party 2 Smart Design
    notes
    Ken Fischel of Legacy Real Estate and a C & W team brokered the sublease; firm moves from 137 Varick St
    • Event Sales
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 2,300,000
    • Price $ 219,000,000
    • Price per foot $ 95.22
    • Publication Date 09/01/2005
    • Event Date 07/23/2005
    • Party 2 Shorenstein Company
    notes
    Minority stake sold for $219 million in recap deal
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 80,000
    • Publication Date 05/01/2005
    • Event Date 03/22/2005
    • Party 2 Tommy Hilfiger
    • Party 2 Brokerage CBRE
    • Party 2 Broker Bruce Surry
    notes
    Occupancy now around 300,000 sf
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 30,000
    notes
    Ad agency moving, expanding from 936 Broadway
    • Event Office Leasing
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 6,300
    • Publication Date 01/01/2005
    • Event Date 11/22/2004
    • Party 1 601 West Associates
    • Party 1 Broker Peter Thorsen
    • Party 2 HSI Productions
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Jared Horowitz
    notes
    Commercial production firm moves from 7 West 18th St
    • Event Office Leasing
    • Building Name Starrett-Lehigh Building
    • Address 601 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 13,500
    • Publication Date 01/01/2004
    • Event Date 11/22/2003
    • Party 2 Clicquot
    notes
    Champagne importer moves from 717 Fifth Ave.

    03/14/2014
    Meridian, founded in 1991 by company CEO Ralph Herzka, was unusual in the list of firms because its approximately 90 originators working on New York City deals broker very small loans -- as well as some of the largest deals in the city. One example is the $525 million loan placed on RXR Realty’s 2.3 million-square-foot Starrett-Lehigh Building at 601 West 26th Street in Chelsea...

    02/01/2014
    New York Community Bank’s largest loan, meanwhile, was done in conjunction with investment bank Morgan Stanley. It was a refinancing of a $525 million loan on RXR Realty’s Starrett-Lehigh Building at 601 West 26th Street...

    02/01/2013
    The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out...

    10/03/2011
    But it was landing the complicated, historic assignment with Lambert in 1997 to sell the $5 billion commercial and residential portfolio of Leona Helmsley (amassed by her husband, Harry) that really put Eastdil on the map in Manhattan. The 125 buildings -- which included 230 Park Avenue, the Starrett-Lehigh Building at 601 West 26th Street, and the Graybar Building at 420 Lexington Avenue -- took several years to unload, but Eastdil was doing that unloading just as investment sales were really starting to grow in importance and volume in Manhattan...
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