Aby Rosen’s RFR has closed on its acquisition of 522 Fifth Avenue from Morgan Stanley for $350 million, according to The Real Deal. The Midtown office condo spans roughly 575,000 SF.
- Savvy deal structure: The building currently serves as the headquarters for Morgan Stanley’s wealth management division. As part of the deal, the company will continue occupying the entire office space for at least three more years. Rosen is seeking to lease the building to a single tenant beginning in March 2024.