Trammell Crow Company Acquires Development Site In Soho Manhattan From Carolwood Equities For $29.5M

A development site located at 126 Lafayette Street in Soho, Manhattan, has been sold for $29,500,000. The property encompasses a building square footage of 87,097, which translates to a price per buildable square foot of $339.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $29,500,000
• Address: 126 Lafayette Street
• Market: Soho, Manhattan
• Building Square Footage: 87,097
• Price Per Buildable Square Foot: $339
• Buyer: Trammell Crow Company
• Seller: Carolwood Equities
• Brokers: Brendan Maddigan, Jonathan Hageman, Ethan Stanton, Guthrie Garvin, Michael Mazzara & Steven Rutman - JLL

The transaction involved the sale of a leasehold position, emphasizing the strategic acquisition by the buyer and representing a significant move in the market. The brokerage team from JLL played a crucial role in facilitating this deal, bringing together the parties involved effectively.