Rockpoint Seals $282.4M Deal For NYC Office Tower Stakes

Law360, New York (January 7, 2013, 3:49 PM EST) -- An affiliate of private equity-backed Rockpoint Group LLC has closed on a $282.4 million deal to pick up the majority stakes in a Times Square-area Manhattan office tower from a unit of Prudential Real Estate Investors, according to city documents filed Friday.

The deal for PREI's 80 percent stake in the 25-story building was officially closed on Dec. 21, according to documents filed with the New York City Department of Finance's Office of the City Register. The stake is collateral for a loan note by Greenwich...
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