Redeveloped Former Tribeca Film Festival HQ Trades for $275M Cash

The sale of the redeveloped 108,000-square-foot building at 15 Laight Street in Tribeca fetched $275 million in an all cash deal. South Korean automaker Hyundai purchased the building located on the corner of Varick Street by the Holland Tunnel, and is expected to use the property for a showroom and offices. The seller, Vanbarton Group had acquired the former Tribeca Film Festival HQ in 2016 for $90 million, redeveloping it into a mix of retail, office and lifestyle space.