Posted Apr 10, 2018, 1:37 PM
|
 |
New Yorker for life
|
|
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
|
|
https://therealdeal.com/2018/04/10/d...n-hq-for-360m/
David Werner buying Pfizer’s Midtown HQ for $360M
Pharma giant finalizes deal at Tishman Speyer's West Side skyscraper; Midtown properties stand to gain from area rezoning
By Mark Maurer
April 10, 2018
Quote:
|
As it finalized its new lease at a proposed Hudson Yards skyscraper, Pfizer struck a deal to sell its longtime Midtown office buildings on East 42nd Street to David Werner for about $360 million, The Real Deal has learned.
|
Quote:
|
The deal would be for the fee position at 219 and the leasehold position at 235, sources said. It would involve a leaseback to Pfizer of at least five years, given that the company’s new home at Tishman Speyer’s Spiral is not expected to be ready until 2022.
|
Quote:
|
On Tuesday, Tishman Speyer announced that it had finalized lease terms with Pfizer for 800,000 square feet at the Spiral, its Bjarke Ingels-designed skyscraper at 66 Hudson Boulevard.
|
Quote:
|
Sources said Werner is still weighing his plan for the buildings, which could benefit significantly from the Midtown East rezoning.
|
__________________
NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
|