Baxter notes that the building is expected to sell between $750 and $850 per sf. He adds that although the building just started marketing, several foreign buyers have indicated strong interest. "Several domestic funds and pensions fund advisors are also looking into buying it."
The building's owner did not respond to GlobeSt.com queries prior to deadline. According to RFR's website, asking rents for the 20th floor of the 42-story building are $45.
The 570,000-sf property is currently 100% occupied, according to Baxter. Current tenants include AXA Reinsurance Co., Shareholder Communications Corp., Royalblue Technologies Corp., Tradition Financial Services Inc., Transportation Coverage Specialist and New York Unearthed. Baxter tells GlobeSt.com that he expects to call for bids sometime towards the end of February or early March.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
