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Blackstone in $2.25 Billion Deal to Sell Tower to Ivanhoe

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An Ivanhoe Cambridge Inc. venture agreed to buy a Manhattan office tower from Blackstone Group LP for about $2.25 billion, extending a surge of demand for prime U.S. properties, two people with knowledge of the deal said.

The Ivanhoe group signed a contract yesterday to purchase 1095 Avenue of the Americas, a 42-story building on Bryant Park, said the people, who asked not to be named because the transaction is private. The sale would be the largest of a whole U.S. office property since a group led by Boston Properties Inc. bought the General Motors Building in New York for a record $2.8 billion in 2008, according to Real Capital Analytics Inc.