Notable Transactions
Iron Horse Labs
309 East 94th Street
Acquisition of an obsolete 87,000 sf loft office building on East 94th Street, and expansion and complete repositioning of the property into a state-of-the-art, 200,000 sf life sciences facility. Flatiron is co-general partner with Taconic Investment Properties and Nuveen.
100 Fifth Avenue
Acquisition of a century-old Class C office building off Union Square and redevelopment and repositioning the property into a 200,000 sf, Class A office building. One of the signature redevelopments in Midtown South, the property’s tenants include Apple, Adobe Systems, Timberland, Yelp, Net-a-Porter and First Mark Capital.
119 West 24th Street
Acquisition of a 240,000 sf long-vacant former health care facility in bad disrepair, and redevelopment into a Class A- loft office building. Anchor tenant: Anheuser Busch (national PR division headquarters).
27 West 24th Street
Acquisition of seriously undermanaged loft office building just off Madison Square Park, and redevelopment into multi-tenant, B+ quality office building commanding market-leading rents. One of the first “value-add” redevelopments in the Madison Square Park submarket.
152 West 36 Street
Opportunistic acquisition of an existing 40,000 sf Class C midtown loft office building, along with the purchase of adjacent air rights, in order to redevelop the site into a modern, Class A, 83,000 sf self-storage facility. The completed project will be one of the first infill self storage facilities in midtown Manhattan.