Canucks buy Aby Rosen’s 757 Third Ave for $360M

RFR Realty bought the tower in 1999 for $103 million

TRD New York /
Mar.March 09, 2015 08:30 AM

Aby Rosen’s RFR Realty is selling a 27-story office building at 757 Third Avenue to Canadian real estate giant Bentall Kennedy for $360 million.

RFR bought the property, at Third Avenue and East 47th Street, for $103 million from Emmes & Co. in 1999, according to the Wall Street Journal. Rosen, who put the property up for sale in December, has invested more than $20 million on renovations over the last year. Eastdil Secured’s Douglas Harmon, Adam Spies and Kevin Donner marketed the building.

CVS Health rents roughly 12,000 square feet in the building and tax firm Grant Thornton inked a lease for roughly 137,000 square feet last year.

The investment signals that demand for Manhattan real estate among foreign investors is strong, the newspaper reported. The Toronto-based firm manages $32.4 billion in properties for roughly 500 institutions around the globe.

Rosen most recently bought a much-coveted building on the corner of Spring Street and the Bowery for $55 million. [WSJ, 1st] — Claire Moses


Related Articles

arrow_forward_ios
100 East 53rd Street,  China Vanke chairman Yu Liang and RFR's Aby Rosen (Photos via Structure Tone and Getty)

Aby Rosen accuses Chinese partner of “power grab” after condo loan default

Aby Rosen accuses Chinese partner of “power grab” after condo loan default
From left: 410 Tenth Avenue, 745 Fifth Avenue, One Manhattan West and 522 Fifth Avenue (Google Maps, Wikimedia)

Real estate lending bounces back in September in a big way

Real estate lending bounces back in September in a big way
522 Fifth Avenue and 1375 Broadway (Google Maps)

Manhattan CRE deals hit lows not seen since 2009

Manhattan CRE deals hit lows not seen since 2009
From left: Michael Fuchs, Aby Rosen, Brandon Singer and Michael Cody (Getty, iStock)

Aby Rosen, Michael Fuchs back new retail brokerage

Aby Rosen, Michael Fuchs back new retail brokerage
522 Fifth Avenue and RFR Realty’s Aby Rosen (Credit: Getty Images; Google Maps)

Aby Rosen snags $224M loan for Midtown office building

Aby Rosen snags $224M loan for Midtown office building
RFR Realty's Aby Rosen and 522 Fifth Avenue (Getty; Google Maps)

Aby Rosen buys Midtown office building for $350M

Aby Rosen buys Midtown office building for $350M
Joseph Nakash, Aby Rosen and W South Beach (Getty, Google Maps)

Aby Rosen’s RFR, Nakash family battle over failed sale of W South Beach condos

Aby Rosen’s RFR, Nakash family battle over failed sale of W South Beach condos
 60 East 55th Street and RFR Realty's Aby Rosen (Getty Images, Google Maps)

RFR’s Core Club condo at Midtown tower heads to special servicing

RFR’s Core Club condo at Midtown tower heads to special servicing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...