280 Park going for $1.2B

Broadway Partners is in contract to purchase the 1.2-million-square-foot 280 Park Avenue for a little more than $1.2 billion. It’s the second time the building is changing hands in less than a year: Istithmar purchased it in June for slightly less than Broadway is now buying it for from the Dubai-based firm. Broadway has been on a Manhattan commercial space-buying tear recently, snapping up 237 Park Avenue, 100 Wall Street and 450 West 33rd Street. more [NYO]