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RXR REALTY CLOSES ON 1285 AVENUE OF THE AMERICAS, SIGNS UBS TO RENEWAL

NEW YORK (May 23, 2016) — An affiliate of RXR Realty LLC has closed on the $1.65 billion acquisition of 1285 Avenue of the Americas from AXA Financial Inc. advised by AXA Investment Managers – Real Assets and institutional investors advised by J.P. Morgan Asset Management. RXR also signed a long-term lease renewal with UBS to keep its North American headquarters in the 39-story, 1.8 million-square-foot office building. UBS, the world’s largest wealth manager, agreed to a long-term lease extension, securing their occupancy in more than 900,000 square feet of space through June 2032.  RXR had been working with UBS [...]

RXR Realty’s operating platform manages 87 commercial real estate properties and investments comprising 23.1 million square feet with an aggregate gross asset value of approximately $12.7 billion as of December 31, 2015. In addition, RXR has a residential development pipeline of approximately 3,000 residential and for sale units in the New York metropolitan area.