May 17, 2019
Microsoft has signed a lease for about 70,000 square feet of space with the new owners of 300 Lafayette St., who have just closed their $125-million purchase of the newly developed, 11-story office tower, the New York Post reported.
The building’s developers, Related Cos. and LargaVista Companies, agreed to sell the project to Nightingale Properties and Wafra Capital Partners in 2017, while it was under construction. The same buyers are also under contract for 711 Fifth Ave. for $907 million, the Post reported.
The building is on a long-term ground lease on land owned by LargaVista on the site of the former BP gas station, opposite the Puck Building.
NKF’s Dustin Stolly and JLL’s Clark Finney marketed 300 Lafayette for sale. Finney also represented the project’s buyers on the office lease with Microsoft. His JLL colleague Lisa Kiell represented the tenant.
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