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KKR to Buy Offices at Hudson Yards, Relocate From Plaza District

  • Buyout firm to leave 9 W. 57th, home to financial companies
  • Related Cos. lures KKR to its 90-story 30 Hudson building
Bloomberg business news

KKR to Relocate, Buys Office Space at 30 Hudson Yards

KKR & Co., the buyout firm that rose to prominence in the 1980s when it paid more than $31 billion for RJR Nabisco, agreed to buy about 343,000 square feet of office space at 30 Hudson Yards, setting the stage for its relocation from Manhattan’s Plaza District to a development zone once dominated by bus garages and a train depot.

The company is taking the top 10 office floors of a 90-story tower that will be the tallest building in Related Cos.’ $20 billion development west of Midtown, the companies said in a joint statement. The price wasn’t disclosed. KKR will join Time Warner Inc. in the 2.6 million-square-foot (242,000-square-meter) tower, giving Related an 85 percent occupancy rate at both of the first two skyscrapers it’s building at the yards.