Pursuits
Manhattan Tower Said Up for Sale by RXR 16 Months After Purchase
- Landlord said to seek $450 million for 61 Broadway downtown
- Rechler's firm paid $330 million for property in May 2014
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Developer Scott Rechler’s RXR Realty LLC is putting 61 Broadway on the market, just 16 months after acquiring the office tower in lower Manhattan’s financial district.
RXR, which paid $330 million for the 790,000-square-foot (73,000-square-meter) building in May 2014, is looking to sell the property for about $450 million, according to three people with knowledge of the plans, who asked not to be identified because negotiations are private.