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Report: $600M NYC sale closes with $430M financing


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Report: $600M NYC sale closes with $430M financing

Rockpoint Group LLC borrowed $430 million to finance its $600 million purchase of the One Dag Hammarskjöld office tower in Manhattan, N.Y.'s Midtown East from Ruben Cos., The Real Deal reported.

The company approached Wells Fargo and Brookfield Asset Management Inc. for the amount, the publication added, citing sources.

Rockpoint Group agreed to buy the 49-story, 815,000-square-foot building at 885 Second Ave. in September 2018, and closed on the purchase Jan. 8, according to the Jan. 9 report.

Representatives for Rockpoint, the lenders and Cushman & Wakefield, which brokered the financing and the sale, could not be reached for comment, The Real Deal added.