Thank you for sharing!

Your article was successfully shared with the contacts you provided.
237 Park Ave./ Photo by Betsy Kim 237 Park Ave./ Photo by Betsy Kim

NEW YORK CITY—A syndicate of investors led by David Werner is buying approximately 40% of 237 Park Ave., a 22-floor, 1.25 million square-foot office building valued at $1.25 billion according to Real Capital Analytics. Real Estate Alert which first reported the news noted that the sellers, RXR Realty headed by CEO Scott Rechler and Walton Street Capital, a Chicago-based private equity real estate firm, are maintaining a 60% interest in the property.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.