Search
 
News

ASB Sells Meatpacking District Building for $129.5M

RFR Holding LLC purchased the property, as ASB Real Estate Investments reduces its retail assets to pursue industrial and multifamily investments.

875 Washington St. 875 Washington St. in Manhattan’s Meatpacking District/ Photo courtesy of ASB

NEW YORK CITY—In approximately seven years, an ASB Real Estate Investments property in Manhattan’s Meatpacking District has risen in value by $32 million. The real estate firm decided to sell its office-retail building located at 875 Washington St. at the corner of 14th St. for $129.5 million.

RFR Holding is buying the five-story, 70,766-square-foot property. Originally constructed in 1900, the building has found itself now situated at the southern end of the High Line and near the Whitney Museum. In 2012, ASB acquired the property for $97.6 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.