Rockpoint Group is buying One Dag Hammarskjöld Plaza for about $600 million.
This marks the first sale for the Midtown building at 885 Second Avenue since 1974, when it was first developed by Lawrence Ruben, according to the New York Post. It spans 815,000 square feet, which would put the sale price around $730 a square foot.
Cushman & Wakefield’s Douglas Harmon, Adam Spies and Kevin Donner marketed the building. They marketed 1700 Broadway as well, which Ruben Companies chief executive Richard Ruben sold to Rockpoint in January for $453 million.
One Dag Hammarskjöld Plaza is located very close to the United Nations, and its office space is filled by missions for several countries and the UN’s pension fund. The building attracted interest across the globe based on its international reputation, including from sovereign wealth funds.