{"id":1004100671,"date":"2014-07-17T05:59:50","date_gmt":"2014-07-17T13:59:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100671"},"modified":"2022-12-07T09:35:54","modified_gmt":"2022-12-07T17:35:54","slug":"thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district\/","title":{"rendered":"Thor, Taconic Sign Samsung to Long-Term Lease in NYC\u2019s Meatpacking District"},"content":{"rendered":"

By Scott Baltic, Contributing Editor <\/i><\/p>\n

\"Samsung\"<\/a>Samsung Electronics North America has signed a long-term lease for all of the nearly completed 837 Washington St. in New York City\u2019s Meatpacking District, it was announced Tuesday by Samsung and by developers Taconic Investment Partners and Thor Equities.<\/p>\n

The 55,000-square-foot building will be Samsung\u2019s \u201cflagship Manhattan office\u201d and will serve as the home office for the company\u2019s Brand Marketing Team, while the Enterprise Customer Briefing Center will showcase Samsung\u2019s full range of enterprise mobile solutions and focus on serving New York commercial and institutional customers.<\/p>\n

\u201cWe acquired, zoned, and developed this asset with the intent to attract one of the more exciting international brands,\u201d Taconic co-CEO Paul Pariser said in a release.<\/p>\n

The office \u201cwill help guarantee that our business is closer to some of our important customers, an innovation-minded workforce, and other key stakeholders for our businesses,\u201d Gregory Lee, president & CEO of Samsung Electronics North America, said in a release.<\/p>\n

Samsung was represented by Craig Reicher, James Ackerson, David Liggitt and Patrick O\u2019Keefe of CBRE. The owner-developers were represented by Newmark Grubb Knight Frank’s\u00a0David Falk, Daniel Levine and Jason Greenstein.<\/p>\n

The design by Morris Adjmi Architects features a fully restored two-story Art Modern landmark brick fa\u00e7ade that anchors a 6-story twisting steel and glass exoskeleton wrapped by a floor-to-ceiling window wall.<\/p>\n

The project, which was engineered to achieve LEED Gold certification, also features a cellar and 7,000 square feet of outdoor space on the second floor, third floor and rooftop that will provide \u201cunique entertainment options,\u201d according to the developers.<\/p>\n

The site, between Little West 12th and West 13th streets, is across the street from the High Line Park and near the imminent new home of the Whitney Museum.<\/p>\n

Financials on the building and the lease were not disclosed, but in November 2011, when the project had recently been approved by the city\u2019s Landmarks Preservation Commission, the New York Post reported that Taconic expected to spend at least $400 per square foot on the building. (That figures out to a rough minimum of $22 million.) The Post also stated that Pariser was anticipating a rental rate \u201capproaching $600\u201d for the 8,000-square-foot ground floor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Samsung Electronics North America has signed a long-term lease for all of the nearly completed 837 Washington St. in New York City\u2019s Meatpacking District.<\/p>\n","protected":false},"author":882,"featured_media":1004100676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21808,11,21742,10,21747],"tags":[],"class_list":["post-1004100671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-featured","category-midatlantic","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\nThor, Taconic Sign Samsung to Long-Term Lease in NYC\u2019s Meatpacking District - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thor, Taconic Sign Samsung to Long-Term Lease in NYC\u2019s Meatpacking District\" \/>\n<meta property=\"og:description\" content=\"Samsung Electronics North America has signed a long-term lease for all of the nearly completed 837 Washington St. in New York City\u2019s Meatpacking District.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-17T13:59:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T17:35:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Samsung.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1918\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/thor-taconic-sign-samsung-to-long-term-lease-in-nycs-meatpacking-district\/\",\"name\":\"Thor, Taconic Sign Samsung to Long-Term Lease in NYC\u2019s Meatpacking District - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. 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