Adam Hochfelder, CEO of Max Capital, purchased the building from his original investment partners in the property, Angelo Gordon Co. and the Lonestar Fund. Hochfelder and his original partners purchased the property in 1999 from John Hancock Life Insurance Company for $222 million.

Douglas Harmon of Eastdil was the exclusive advisor to the entire transaction. Hochfelder tells GlobeSt.com Harmon was "instrumental" in making the deal. Jon Mechanic and the real estate department of Fried Frank Harris Shriver & Jacobson represented Max Capital in this transaction.

The building has had a number of large-scale, high-profile leases of late. In mid June, the Associated Press, which has been headquartered at Rockefeller Center for 65 years, finalized plans to lease 290,773 sf at the so-called media hub. The news organization signed a 15-year lease for floors 14 through 16, as well as mezzanine and basement space in the building for $170 million. One of the reasons cited for the move was that AP was able to provide its employees with amenities, such as outdoor terraces, athletic facilities, a health club, cafeteria and an open working environment.