Tishman Speyer Sells Fully Leased SoHo Office Building for $135M

Tishman Speyer sold 148 Lafayette St. — a 155,000-square-foot, 12-story office building in SoHo — to Shorenstein Properties for roughly $135 million. The property sits at the corner of Lafayette and Howard streets.

According Commercial Observer’s source, Shorenstein edged out several institutional bidders, including private equity funds.

The sale marks a quick and profitable turnaround for Tishman Speyer, which bought the building from Epic in May 2025 for $105.5 million. An acquisition loan of $68.3 million from Blackstone Real Estate Debt Strategies financed part of that purchase. The 2025 deal was notable at the time: Tishman had not acquired an office building anywhere in the U.S. since 2021, or one in Manhattan, N.Y., since 2019, according to previous Commercial Observer reporting.

“148 Lafayette presented us with a compelling opportunity to capitalize on the strengthening New York City office leasing environment by acquiring a top-quality, boutique asset in one of the city’s most dynamic neighborhoods,” said Managing Director at Tishman Speyer, Albert Schmool, in a statement at the time of the 2025 purchase.

The building holds 141,359 square feet of office space fully leased to tenants including coworking operator WeWork, investment firm General Catalyst, cosmetics company Charlotte Tilbury, consulting firm Keystone, AI code review firm Graphite and digital picture frame company Aura Frames. Its 13,454 square feet of ground- and lower-floor retail is also fully leased to 260 Sample Sale (a luxury retailer), as well as Five Points Academy, a martial arts gym.

The sale, brokered by Newmark’s Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Avery Silverstein and Joshua King, is one of several recent moves for Tishman. In June, the firm announced that its debt platform had bought the $40 million mezzanine loan on the Emery Roth & Sons-designed One Dag Hammarskjold Plaza. Afterwards, in August, the company put the fee simple interest in 6 Grand Central, formerly 666 Third Avenue, on the market for about $450 million.