trending Market Intelligence /marketintelligence/en/news-insights/trending/_6NeiGr2KNson8LsoZ0wpw2 content esgSubNav
In This List

Controlling interest in 3 NYC buildings hits the market for $275M

Blog

Banking Essentials Newsletter May 29th Edition

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition


Controlling interest in 3 NYC buildings hits the market for $275M

A developer group including Rockpoint Group LLC and Highgate Hotels Inc. is selling a controlling interest in three buildings in New York City's Meatpacking District neighborhood for $275 million, Crain's New York Business reported.

The trio of properties consists of a new 18-story office building at 412 W. 15th St., a smaller two-story retail building at 436 W. 15th St., and an office and retail building at 413 W. 14th St., according to the report.

The Meilman family owns the ground underneath the assets and will continue to hold the stake should there be a leasehold transfer, the report noted.

Taconic Investment Partners LLC could bid for the properties, Charles Bendit, a principal at the company, told the news outlet.

The companies tapped Cushman & Wakefield to market and sell a long-term leasehold of the assets, the report added.