RXR Realty sells Woodbury office complex for $37.4M

TRD New York /
Dec.December 10, 2018 03:49 PM

The Feil Organization, a Manhattan-based and family-owned real estate development firm, has agreed to pay $37.4 million to buy a six-building office complex in Woodbury from RXR Realty, according to Long Island Business News. The sale of the properties, which total 192,916 square feet of space, is part of a recently-adopted strategy by RXR to shed its suburban office properties. RXR and an affiliate, Australia-based Reckson New York Property Trust, sold 19 office buildings in Westchester County, New Jersey and Long Island throughout 2017. Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties Group worked with colleague Philip Heilpern in the company’s Long Island office in representing RXR and procuring a buyer in Feil. [LIBN]


Related Articles

arrow_forward_ios
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Clockwise from top left: Deirdre O'Connell of Sotheby's International Realty, Paul Breunich of Sotheby's International Realty, and Heather Harrison of Compass

Tri-State brokers are busier than ever as buyers warm to suburban living

Tri-State brokers are busier than ever as buyers warm to suburban living
The New York State Senate subpoenaed several top names in real estate

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe
Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

Compass sets sights on Long Island’s North Shore
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

Cuomo announces new state rules following Newsday’s discrimination exposé
How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets
The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, probe finds

LI agents routinely discriminate against minority buyers, probe finds
Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news
arrow_forward_ios

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

Loading...