RXR Realty has closed on the deal to acquire 61 Broadway from 61 Broadway Owner LLC, an affiliate of Broad Street Development, for $330 million, after being in contract for about two months. RXR also announced that it has secured a $200 million loan from HSBC Bank USA.
“The property fits nicely with RXR’s stated strategy to enter the downtown market,” said chairman and CEO Scott Rechler. The building has “great bones and technology” and with the “completion of a recent capital plan by the former owners, it was very well maintained,” he said.
