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RFR Closes on 522 Fifth Deal; Markets Full-Building Lease
RFR closed on its acquisition of 522 Fifth Ave. from Morgan Stanley for $350 million. The 23-story building’s 575,000-square-foot office portion, which formerly housed Morgan Stanley’s wealth management business, is being marketed as a single-tenant leasing opportunity, with availability in March 2024.
RFR CEO Aby Rosen will personally lead the leasing effort, in tandem with RFR’s in-house leasing team headed by EVP AJ Camhi. Rosen will further collaborate with prospective tenants to best utilize the space as RFR repositions the asset to accommodate the requirements of a future occupant.
“We acquired 522 Fifth Ave. with the vision of working with a single user to create a custom, marquis headquarters in the premier Midtown location,” Rosen said. “The unrivaled 575,000-square-foot vacancy is a remarkable blank canvas, well-positioned to respond to the requirements of a forward-thinking company looking for the prestige and exclusivity of a full building and New York City presence.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
- ◦Lease
