NEW YORK CITY-A deal has been struck for RXR Realty to buy the gigantic Starrett Lehigh Building from Shorenstein Properties for about $900 million. Industry sources familiar with the deal confirm a report in Crain’s New York Business that the Long Island-based owner and developer is paying approximately $409 per square foot for the 2.3-million-square-foot office property at 601 W. 26th St.

Citing unnamed sources, Crain’s reported that RXR chairman Scott Rechler was drawn to the property because of the growth potential he sees in Midtown South. In December, the nearby 111 Eighth Ave. sold to Google for $1.8 billion, and the Related Cos. is poised to develop the space over the Metropolitan Transportation Authority’s Hudson Yards into a mixed-use mega-project farther west on the island.

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