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RXR, Walton Close on 237 Park Ave. Buy

NEW YORK CITY-The joint venture, which plans to implement a comprehensive capital improvement plan at the building, nearly hit the $1 billion mark in its purchase.

By Rayna Katz | Updated on October 28, 2013

NEW YORK CITY-RXR Realty and an affiliate of Walton Street Capital announced Monday that they have closed on the purchase of 237 Park Ave. As reported when the joint venture went into contract, the seller in the deal is Lehman Brothers and the property price was expected to come in at over $800 million, including an assumption of more than $420 million in debt.

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