Post by RXR

RXR’s repositioning of 590 Madison Avenue is making headlines following the firm’s $1.1 billion acquisition of the former IBM tower alongside Elliot Investment Management last year, marking the first Manhattan office sale to surpass the billion-dollar threshold in three years. Since acquiring the property, RXR has invested in significant upgrades to the building, including the new 25,000 square-foot Madison Avenue Club designed by Gensler, featuring wellness spaces, hospitality-style amenities, and an outdoor terrace lounge. The tower continues to attract major tenants including Apollo Global Management, Schoenfeld Strategic Partners and LVMH. Read the full New York Post story here: https://lnkd.in/edd_sC6B