Published On: Thu, Dec 3rd, 2015

RXR close to inking $1.7 Billion contract to buy 1285 Sixth

AXA Financial in talks to sell pair of Midtown office towers


Scott-Rechler-and-RXR-realty- 1285 Sixth Avenue


Scott Rechler’s RXR Realty is close to entering contract to buy a 39-story office tower at 1285 Sixth Avenue from AXA Financial and JP Morgan Chase for about $1.7 billion, The Real Deal has learned.

The sale, if it goes through, would be one of the largest deals of the year. The 1.61 million-square-foot tower, located between West 51st and 52nd streets, is fully occupied, with Swiss bank UBS AG serving as the 700, 000-square-foot anchor tenant.

AXA Financial put 1285 Sixth Avenue and a 51-story property at 787 Seventh Avenue on the market in August, and is looking to net between $3.5 billion and $4 billion for the pair, sources said. Eastdil Secured’s Douglas Harmon and Adam Spies, who declined to comment, are representing the seller, an equal partnership between AXA Financial and JPMorgan.
Read the full story at The Real Deal, by Mark Maurer

READ MORE: Scott Rechler

Scott Rechler and RXR realty 61-broadway in the Financial District

Scott Rechler bought 61 Broadway in 2014. Now RXR Realty, is shopping Financial District office tower for $450 million. RXR paid for the 790, 000-square-foot building $330 million to Broad Street Development,  More…


The Blackstone Group partnered with RXR Realty in its $1.2 billion acquisition of the Helmsley Building at 230 Park Avenue and holds a minority stake in the tower, RXR’s CEO Scott Rechler told The Real More…

Helmsley Building

RXR Realty has acquired Manhattan’s iconic Helmsley Building for $1.2 billion to, the real estate investment giant headed by Port Authority vice-chairman Scott Rechler. The 34-story, 1.4 million square More…

Scott rechller

Scott Rechler’s RXR Realty has been trying to invest in lower Manhattan for some time. Now it seems he has succeeded, with Crain’s New York indicating he is now in contract to buy a commercial office building More…

Read more about: , , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems