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650 Madison Trades for $1.3 Billion in NYC Office Sale

JV Acquires 600,000-SF Tower with Retail, Medical Space
By Justin Sumner
CoStar News
October 2, 2013 | 6:38 P.M.

A joint venture comprised of Oxford Properties, Vornado Realty Trust, Crown Acquisitions and Highgate Holdings along with institutional investors advised by J.P. Morgan Asset Management, has acquired 650 Madison Avenue in New York City for $1.295 billion, or about $2,200 per square foot.

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