Chelsea Market | New York, NY

Mixed use 1.2 million sq. ft. industrial & manufacturing building

Investment Opportunity at Acquisition

  • The 1.2 million sq. ft. Chelsea Market, located on border of Chelsea and Meatpacking District, was acquired on an off-market basis as part of a five-building portfolio from a distressed seller.
  • Opportunity to reposition the asset from primarily industrial & food manufacturing into a retail anchored hub for creative office users.
  • At acquisition average net lease rates under $10 per sq. ft.; opportunity to reposition the building and significantly increase rents.


  • Major Repositioning