**Tishman Speyer Acquires 148 Lafayette Street in First NYC Office Deal Since 2019**
Tishman Speyer has acquired 148 Lafayette Street, a fully leased, 12-story boutique office building located in Manhattan’s SoHo neighborhood, for $105.5 million. The acquisition was partially financed by a $68.3 million loan from Blackstone Real Estate Debt Strategies. This transaction marks Tishman Speyer’s first office acquisition in New York City since 2019 and its first in the United States since 2021.
The 153,000-square-foot, Class A property boasts a diverse tenant roster. Office tenants include venture capital firm General Catalyst and global beauty and cosmetics brand Charlotte Tilbury. The ground-floor retail space is fully leased to boxing gym Five Points Academy and retail clothing store 260 Sample.
“148 Lafayette presented us with a compelling opportunity to capitalize on the strengthening New York City office leasing environment by acquiring a top-quality, boutique asset in one of the city’s most dynamic neighborhoods,” said Tishman Speyer Managing Director Albert Schmool.
The transaction was brokered by a Newmark team led by Adam Spies and Avery Silverstein, representing the seller, EPIC.
