Dealmaker: One Dag Hammarskjold Plaza Trades for $600M

Ruben Cos., New York, sold One Dag Hammarskjold Plaza in Midtown Manhattan to Rockpoint Group, Boston, for $600 million.

The Real Deal New York reported Wells Fargo Bank, San Francisco, and Brookfield Asset Management, Toronto, supplied a $430 million loan on the 815,000-square-foot office property at 885 2nd Ave.

Ruben Cos. developed the 50-story L-shaped asset on Second Avenue between 47th and 48th Streets in 1971. Named after the second Secretary General of the United Nations, the property sits one block from United Nations Plaza. Property tenants include Memorial Sloan Kettering Cancer Center, Telerep Inc., Dell Publishing and The Population Council.

Cushman & Wakefield New York Capital Markets Chairmen Douglas Harmon and Adam Spies and Executive Managing Director Kevin Donner represented Ruben Cos. in the transaction, the Real Deal said.

Rockpoint Group is actively acquiring New York real estate. Last year it acquired Brooklyn, N.Y. housing development Starrett City–informally called Spring Creek Towers–for $905 million. More than 14,000 people live in 5,881 apartment units in the complex’s 46 apartment buildings. And the New York Post said the Ruben Cos. sold 42-story Midtown office asset 1700 Broadway to Rockpoint for $453 million last January.