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RFR in talks to buy 900 Third Avenue

900 Third Avenue (Credit: Google Maps)

Aby Rosen’s RFR is reportedly in late-stage talks to buy 900 Third Avenue from Albert Behler’s Paramount Group for around $400 million, according to TRD. The 36-story office building spans nearly 600,000 SF. Tenants include: Littler, merchant bank Carl Marks & Co., and Goldman Sachs.

  • Worth Noting: Paramount is reportedly offering seller financing to sweeten the deal.
  • Value-add play: The property is 80 percent leased; however, one of its largest tenants, the American division of Japanese cosmetics company Shiseido, recently relocated to 226,000 square feet at 390 Madison Avenue.

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