RFR Realty Acquires Office Building In Midtown Manhattan For $350M

The office building located at 522 Fifth Avenue in Midtown has been sold for a price of $350,000,000. The property spans 575,000 square feet, resulting in a price per square foot of $608. The transaction took place on March 17, 2020. The buyer of the property is RFR Realty, while the seller is Morgan Stanley.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $350,000,000
• Square Footage: 575,000
• Price per Square Foot: $608
• Market: Midtown

RFR Realty, a prominent real estate firm, has acquired the office building at 522 Fifth Avenue in Midtown. On the other hand, Morgan Stanley acted as the seller in this transaction.