Taconic Drops $110M On Manhattan Office Building

Law360, New York (October 18, 2012, 9:56 PM EDT) -- Taconic Investment Partners LLC has agreed to purchase the office building at 619 West 54th St. for $110 million from KBS Realty Advisors, betting on the imminent popularity of Manhattan's Far West Side, according to Thursday news reports.

Taconic, which buys and repositions mixed-use space around the country, said it plans to renovate the 326,000-square-foot building, but details have not been finalized, according to the Commercial Observer.

The 10-story building, constructed in 1930, is Taconic's second foray into the Far West Side, which has seen a recent...
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