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NEW YORK CITY-Ivanhoé Cambridge has acquired a 51% managing member interest in 1211 Avenue of the Americas from an affiliate of Beacon Capital Partners with an investment of over $850 million. Callahan Capital Partners, as Ivanhoe’s strategic partner for U.S. acquisitions, helped source the transaction.

The two million-square footClass A trophy office building sits between 47th and 48th streets and is adjacent to Rockefeller Center. “It’s an iconic piece of real estate in New York, and we love the location across from Rockefeller Center, Adam Adamakakis, EVP of investments at Ivanhoé Cambridge tells GlobeSt.com.

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