Scott Rechler Of RXR Realty Acquires 49% Equity Stake In Office Building For $588M

The property involved in this transaction is an office asset located at 1211 6th Avenue in Midtown Manhattan. The property has a valuation of $1.2 billion and consists of 2 million square feet of office space. As part of this transaction, RXR Realty acquired a 49% equity stake for $588 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $588,000,000
• Property Address: 1211 6th Avenue
• Market: Midtown Manhattan
• Asset Value: $1,200,000,000
• Equity Percentage: 49%
• Buyer: Scott Rechler - RXR Realty
• Seller: Nathalie Palladitcheff - Ivanhoe Cambridge

The deal features key individuals such as Scott Rechler, representing RXR Realty in the acquisition, and Nathalie Palladitcheff, who represented Ivanhoe Cambridge in the sale. The transaction reflects a strategic investment in the highly sought-after Midtown Manhattan market.