Shorenstein Acquires Class A Office Property at 148 Lafayette Street in Manhattan's SoHo
Shorenstein Investment Advisers has completed the acquisition of 148 Lafayette Street, a 154,000-square-foot Class A office and retail building located in Manhattan's SoHo neighborhood. This transaction represents the final investment for Shorenstein Realty Investors Fourteen, the company's value-added real estate fund. The property is currently 100% leased to a diverse group of tenants, including General Catalyst, Graphite, WeWork, Keystone Strategy, and Charlotte Tilbury, with a weighted average remaining lease term of approximately nine years. The building features recent renovations, LEED Gold certification, and significant leasing momentum, with 70% of the current rent roll signed since January 2025. This acquisition aligns with Shorenstein's broader strategy of targeting high-quality, income-producing office assets in premier submarkets. Since June 2024, the firm has acquired 14 office properties totaling approximately $2 billion, which currently produce an average distribution yield of 8% as of September 2026.
Topics: Commercial Real Estate Manhattan Real Estate Office Space Property Acquisition