Tishman Speyer to Sell Manhattan Office Building

Tishman Speyer is under contract to sell 148 Lafayette St. in Manhattan to Shorenstein Properties for approximately $135 million, The Real Deal reported. The deal comes just over a year after Tishman Speyer acquired the property for $105.5 million in June 2025 from EPIC, according to Yardi Matrix.

Commercial Property Executive previously reported that the acquisition marked Tishman Speyer’s first Manhattan office purchase in more than five years. The firm financed the acquisition with a $68.3 million loan from Blackstone, Yardi Matrix shows.

In total, the 1913-built office asset spans approximately 152,000 square feet across 12 stories. Yardi Matrix shows the building underwent a cosmetic renovation in 2017 and is LEED Gold certified.

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During Tishman Speyer’s ownership of the building, the firm expanded existing tenancy and signed new leases. In January, the company signed Graphite, an AI code review platform, to a 24,829-square-foot lease for the sixth and seventh floors of the building. This brought the asset to full occupancy.

Other tenants include WeWork, Aura and General Catalyst, which occupies 42,535 square feet at the building, according to Yardi Matrix.

Located in Manhattan’s SoHo neighborhood, the property is within walking distance of the Canal and Spring street subway stations, while City Hall Park is about a 15-minute walk away. Banksy Museum is also nearby.

Newmark U.S. Capital Markets Co-Head Adam Spies and Executive Managing Director Avery Silverstein led the team that negotiated the deal.

Tishman Speyer’s recent office sales

This pending office transaction adds to Tishman Speyer’s recent office dispositions across its portfolio. Earlier this month, the firm sold 400 Castro St., in Mountain View, Calif.  Spear Street Capital purchased the Class A, 138,000-square-foot office building for $121.5 million.  

In May, Tishman Speyer also sold the 377,000-square-foot office component of CitySpire, a 70-story mixed-use tower in Midtown Manhattan, after nearly 22 years of ownership. A partnership between REALM, DelShah Capital and A.M. Properties acquired the property. When the deal went under contract in February, it was valued at $135.7 million.