Romanoff Equities Acquires Office In Meatpacking District For $80M

Located in the Meatpacking District, the property at 860 Washington Street has been involved in a sale-leaseback transaction. The asset, an office space spanning 115,200 square feet, was sold by Property Group Partners, represented by Jeffrey Sussman, to Romanoff Equities. The deal was facilitated by the brokers Adam Spies, Doug Harmon, Kevin Donner, and Marcella Fasulo from Cushman & Wakefield. The transaction took place on December 11, 2020, with a sale price of $80,000,000, resulting in a price per square foot of $694.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $80,000,000
• Address: 860 Washington Street
• Market: Meatpacking District
• Square Footage: 115,200 SF
• Buyer: Romanoff Equities
• Seller: Property Group Partners - Jeffrey Sussman
• Brokers: Adam Spies, Doug Harmon, Kevin Donner, and Marcella Fasulo - Cushman & Wakefield

The Meatpacking District property was acquired by Romanoff Equities in the sale-leaseback transaction. Notably, the retail tenant in the building is Tesla Motors.