RFR Holdings & Penske Media Acquire Office Building In New York For $290M

RFR Holdings and Penske Media Corporation have acquired an office property located at 475 5th Ave. in New York. The property, measuring 280,000 square feet, was sold by Nuveen for a total transaction amount of $290,000,000. The per square foot price of the transaction was $1,035.

Summary of transation details

• Property Type: Office
• Transaction Amount: $290,000,000
• Address: 475 5th Ave., New York
• Market: New York

The deal was facilitated by CBRE's brokers Doug Middleton, Alana Bassen, and Darcy Stacom, who represented both the buyer and the seller in the transaction.

It is worth noting that Doug Middleton, Alana Bassen, and Darcy Stacom are part of the CBRE agency.