Transactions - AUGUST 1, 2014

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New York REIT pays $335m for Twitter HQ

by Andrea Waitrovich

New York REIT has purchased Twitter's headquarters in Manhattan located at 245–249 W. 17th St. in the Chelsea neighborhood. The official announcement does not disclose a sales price; however, the property reportedly sold for approximately $335 million.

The property, which includes a 12-story office tower and an adjacent six-story mixed-use building, contains approximately 282,000 rentable square feet. In addition to Twitter, Room & Board and Flywheel Sports occupy the retail portion of the building. 

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