Tishman Speyer has sold 148 Lafayette St., a fully leased, 12-story, class A boutique office building in Manhattan’s SoHo neighborhood for $132.5 million, or approximately $866 per square foot.
Tishman Speyer acquired the 153,000-square-foot property for $105.5 million in June 2025, marking the firm’s first office acquisition in the United States since 2021. Approximately 17 months later, Tishman Speyer sold the property to Shorenstein Properties for $132.5 million. After accounting for contractual credits at acquisition and sale, the property’s adjusted sale price was 41 percent higher.
“We acquired 148 Lafayette with a clear plan and executed it ahead of schedule, generating an attractive return for our investors,” said Chris Shehadeh, senior managing director at Tishman Speyer. “This successful outcome reaffirms our conviction in the continued demand for premier office assets in prime Manhattan neighborhoods to both companies seeking exceptional work env
