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NEW YORK CITY-The fee position of 600 Madison Ave., a Plaza District office tower that’s home to consulting firm Alvarez & Marsal as well as Ugg Australia‘s Manhattan flagship store, has traded to the leaseholder for $210 million. A spokeswoman for Massey Knakal Realty Services, which brokered the deal, confirms earlier published reports that the fee position of 600 Madison was acquired by investors associated with the Ruben Cos. from the Wallace estate, whose trustees are the sons of late real estate investor Dolorita Fitzgerald Wallace.

“600 Madison Avenue is a fantastic institutional quality asset,” says Massey Knakal CEO Paul Massey Jr. “We were proud to assist ownership in unlocking significant equity at an opportune time in the capital markets.” Massey arranged the deal along with director of sales Clint Olsen.

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