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Tishman Eyes $450M Grand Central Lease | Real Estate News
Description
Tishman Speyer is eyeing a big $450 million sale of the ground lease for six Grand Central — a rare, directly connected Midtown office gem — after previously trying and failing to sell it in 2019. The building, reimagined with a Bank of America refinance, hosts a diverse tenant mix from law firms to coworking spaces. This move follows their recent $135.7M sale of CitySpire, while new development looms nearby, including Boston Properties’ $1.2B Madison Avenue tower set to open in 2029 — signaling a pivotal moment in NYC’s evolving office landscape.
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