Carmaker Hyundai Buys Tribeca Building for NYC Offices, Showroom
Company pays about $275 million for Vanbarton’s newly redeveloped property with outdoor terraces on each of its eight stories.
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Automaker Hyundai Motor Group bought a Manhattan building to house offices and a showroom, joining a group of companies expanding their base in the city and owning their own real estate.
Hyundai, based in Seoul, is paying about $275 million in cash for 15 Laight St. in the Tribeca neighborhood, according to people familiar with the matter, who asked not to be named because the transaction is private. The eight-story boutique office building near the Holland Tunnel was newly redeveloped and includes outdoor terraces on each floor.