David Werner buying Pfizer’s Midtown HQ for $360M Pharma giant finalizes deal at Tishman Speyer’s West Side skyscraper; Midtown properties stand to gain from area rezoning
219 and 235 East 42nd Street, Adam Spies and Pfizer s Ian C. Read
UPDATED, 2:03 p.m., April 10: As it finalized its new lease at a proposed Hudson Yards skyscraper, Pfizer struck a deal to sell its longtime Midtown office buildings on East 42nd Street to David Werner for about $360 million, The Real Deal has learned.
The pharmaceutical giant has been searching for a buyer for the properties at 219 and 235 East 42nd Street while it negotiated to relocate elsewhere. The buildings span a total of 1.1 million square feet.
Related: Tishman Speyer picks up Pfizer as anchor tenant for Spiral, lands mammoth construction loan