Last updated: 09:31 / Tuesday, 2 September 2014
Chelsea Neighborhood

New York REIT Acquires Twitter Headquarters Building in Manhattan

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New York REIT Acquires Twitter Headquarters Building in Manhattan
  • The property includes a 12-story office tower combined with an adjacent 6-story mixed use building

New York REIT, Inc., a publicly traded real estate investment trust, announced that it has closed its previously announced acquisition of Twitter's headquarters in Manhattan located at 245-249 West 17th Street in the Chelsea neighborhood.

The property, which includes a 12-story office tower combined with an adjacent 6-story mixed use building, contains approximately 282,000 rentable square feet. In addition to Twitter, Room & Board, Inc. occupies the retail portion of the building. Flywheel Sports, Inc. is also a tenant.

"We are extremely pleased to have closed our previously announced acquisition of this flagship property strategically located in the heart of Chelsea's "Silicon Alley", NYC's epicenter of creativity, technology, style, and energy" said New York REIT's President, Michael Happel. 

Mr. Happel added, "The building is a beautiful, gut-renovation and contains two new lobbies along with brand new state-of-the-art building systems, windows, elevators, and a stunning rooftop terrace that overlooks the Hudson River. Furthermore, we are excited to have Twitter, one of the world's most coveted technology firms, as a core tenant."

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