Silverstein Properties has acquired a majority stake in the Movielab building at 619 West 54th Street from Taconic Investment Partners. The deal values the office building at more than $180 million. According to reports Taconic will keep a 10 percent stake in the property. The company bought the 325,000 square foot, 10-story building for $112 million in 2012 and renovated it. Tenants include a Volvo dealership on the ground floor, and a mix of medical and research groups, including the New York Stem Foundation, the Rogosin Institute and the Roosevelt Surgery Center.
