NEW YORK—Taconic Investment Partners has acquired 71 Laight Street in Manhattan’s Tribeca neighborhood for $65 million. Eastern Consolidated’s Inbal Himelblau and Executive Managing Director Alan P. Miller represented the seller, a Spanish partnership formed by developer Grupo Arranz Acinas, industrial company Grupo Antolin and savings bank Caja de Burgos, while Eastern’s CEO and Chairman Peter Hauspurg procured the buyer.
Situated one block from the Hudson River and formerly zoned M1-5, the zoning in this landmarked district now allows for residential development.
The new owners have plans to transform the property to include 34 loft-style residences. Plans have been approved for the residential condominium project with 12 parking spaces.
Comprised of 58,500 sq. ft. of space, 71 Laight Street was built in 1905 and is situated between Greenwich and Washington Streets. Both the building and the parking garage were delivered vacant.
Dorsey & Whitney LLP acted on behalf of the seller, while Howard Shapiro of Greenberg Traurig acted for the buyers.