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RXR Closes $1.7B Acquisition of UBS Tower, Signs Namesake Tenant to Long Term Renewal

Investors Led by AXA, JP Morgan Divest 39-Story Bldg at 1285 Sixth for Second Highest Price Paid for a NYC Office This Year
By Justin Sumner
CoStar News
May 23, 2016 | 7:26 P.M.

An affiliate of RXR Realty LLC and David Werner Real Estate acquired the UBS building at 1285 Avenue of the Americas in New York City from AXA Financial, Inc., advised by AXA Investment Managers - Real Assets, and institutional investors advised by J.P. Morgan Investment Management, Inc., for $1.65 billion, or about $917 per square foot.

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