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Invesco to purchase Live Nation building for $150M-plus
Ticketmaster's parent company occupies the entire property
Invesco is in contract to buy the leasehold on the Live Nation building at 430 West 15th Street from the TH Real Estate and Annuity Association for more than the asking price of $150 million.
TH Real Estate, TIAA’s real estate arm, had acquired the building in 2016 for $135 million from Atlas Capital Group, according to the Commercial Observer. However, the company now appears to be getting rid of its assets, as it recently put its Midtown headquarters at 730 Third Avenue on the market as well.
Live Nation subleases all eight stories of the 100,000-square-foot building from Palantir Technologies.
Will Silverman of Hodges Ward Elliott and Adam Spies, Doug Harmon and Kevin Donner of Cushman & Wakefield represented the seller. [CO] – Eddie Small