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NEW YORK CITY—In a joint venture with Real Estate Capital Partners, RFR Holding has  acquired 281 Park Ave. South, a six-story, 45,000 square foot landmark building formerly known as the Church Mission House.

RFR purchased the building—which is on the Southeast corner of Park Ave. South and East 22nd street, close to a 6-train entrance—for $50 million from the Federation of Protestant Welfare Agencies. Following upgrades that will include new storefronts, mechanical systems and new office lobby with entrance on 22nd Street, it will be repositioned as a showpiece for a single office user requiring 28,000 to 40,000 square feet.

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