The fund has a value-added strategy focusing on investment in class A office properties in six major US markets--New York City, Boston, Washington, DC, Chicago, Los Angeles and San Francisco/Silicon Valley. Fund VI attracted more than 40 investors worldwide including large corporate and public pension funds.

So far, nine investments have been made. Those acquisitions include 200 Park Ave., also known as the MetLife Building, 125 South Wacker in Chicago and 400 South Hope Street in Los Angeles. Also in the portfolio are three Beverly Hills properties that make up approximately 10% of the class A office space in that submarket. They are the 300,000-sf Maple Plaza at 345 N. Maple Dr., the 130,000-sf Beverly Mercedes Place at 9242 Beverly Blvd. and the 165,000-sf 407 North Maple Dr. building.

The firm's $1.72-billion acquisition of the landmark MetLife Building was last year the largest single building sale in the city's history. TSP purchased the 2.8-million-sf property, which connects to Grand Central Terminal, from MetLife. Last September, Tishman Speyer acquired the 26-story, 701,000-sf 400 S. Hope St. building from a subsidiary of the O'Melveny & Myers law firm. Terms of the deal were not disclosed, but industry sources told GlobeSt.com that the buyer paid approximately $250 million for the class A office building.

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