http://commercialobserver.com Mon, 20 May 2013 18:54:08 +0000 hourly 1 http://wordpress.com/ http://s2.wp.com/i/buttonw-com.png http://commercialobserver.com http://commercialobserver.com/2012/06/rxr-takes-the-co-on-a-tour-of-dazzling-620-6th/#comments Fri, 08 Jun 2012 18:30:00 -0400 http://commercialobserver.com/2012/06/rxr-takes-the-co-on-a-tour-of-dazzling-620-6th/ Daniel Geiger http://www.commercialobserver.com/?p=233663 Last year, RXR Realty, led by chief executive Scott Rechler, acquired 620 Avenue of the Americas, a roughly one million-square-foot office building in the heart of Midtown South for over $500 million.  The property continues to demonstrate Mr. Rechler's genius for spotting value. Since the acquisition, the neighborhood's popularity has only continued to rise - right along with the area's rents. RXR has been marketing the building's top two floors, six and seven, which together total about 150,000 square feet, for rents over $60 per square foot, a rate that would have been unthinkable at the property only a few years ago. The premium price is not arbitrary however. Bill Elder, RXR's leasing director, took The Commercial Observer on a recent tour of the property, showing off its unique attributes, including the dazzling seventh floor, which has not yet been leased.

]]> Last year, RXR Realty, led by chief executive Scott Rechler, acquired 620 Avenue of the Americas, a roughly one million-square-foot office building in the heart of Midtown South for over $500 million.  The property continues to demonstrate Mr. Rechler's genius for spotting value. Since the acquisition, the neighborhood's popularity has only continued to rise - right along with the area's rents. RXR has been marketing the building's top two floors, six and seven, which together total about 150,000 square feet, for rents over $60 per square foot, a rate that would have been unthinkable at the property only a few years ago. The premium price is not arbitrary however. Bill Elder, RXR's leasing director, took The Commercial Observer on a recent tour of the property, showing off its unique attributes, including the dazzling seventh floor, which has not yet been leased.

]]> http://commercialobserver.com/2012/06/rxr-takes-the-co-on-a-tour-of-dazzling-620-6th/feed/ 0 Bill Elder jhanasobserver