The Chrysler Building has been put up for sale by its owners, Mubadala and real estate group Tishman Speyer. The owners did not set a selling price.


The owners of New York City’s Chrysler Building are putting the landmark Art Deco skyscraper on the market. The building’s owners, the Abu Dhabi Investment Council and New York developer Tishman Speyer, have hired commercial real estate firm CBRE Group Inc. to market the landmark office tower.

The building was acquired in 2008 by Mubadala, which paid $800 million for a 90 percent stake. Tishman Speyer retained a 10 percent stake.

The building was a personal project for Walter Chrysler, the founder of the car manufacturer that bears his name. The Chrysler Building is an Art Deco style skyscraper located on the East Side of Midtown Manhattan in New York City. The building opened in 1930. At 1,046 feet (318.9 m), the structure was the world’s tallest building for 11 months before it was surpassed by the Empire State Building in 1931.

Source: Arabian Business

Fulya Altunyay/[email protected]