Oxford to Purchase NYC’s 450 Park Ave. From Somerset
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Oxford Properties Group, part of a Canadian pension fund, agreed to purchase 450 Park Ave., a 33-story building in Manhattan’s Plaza District, an area with some of the highest office rents in New York.
Oxford Properties, a Toronto-based arm of the Ontario Municipal Employees Retirement System, is under contract to buy the 330,000-square-foot (30,700-square-meter) tower at East 57th Street from Somerset Partners LLC and British investor Michael Tabor, said Doug Harmon, senior managing director at Eastdil Secured LLC, the brokerage that represented the sellers.