RFR has acquired 522 Fifth Avenue, formerly the headquarters for Morgan Stanley’s wealth management division, in a $350 million transaction. Located at 44th Street, the 575,000-square-foot, 23-story office tower is available for a single-tenant user and will be delivered in March 2024. RFR’s founder and CEO, Aby Rosen, will personally lead the leasing effort, in tandem with RFR’s in-house leasing team headed by Executive Vice President A.J. Camhi.
“We acquired 522 Fifth Avenue with the vision of working with a single user to create a custom, marquis headquarters in the premier midtown location,” Rosen said. “The unrivaled 575,000-square-foot vacancy is a remarkable blank canvas, well-positioned to respond to the requirements of a forward-thinking company looking for the prestige and exclusivity of a full building and New York City presence.”
RFR will apply its design approach to help formulate and achieve a company’s specific aspirations. The property boasts many floors of large outdoor terraces that will be fully activated in combination with new interior air quality solutions.
“Companies are focused on controlling their environments and making sure their employees have the space, amenities and systems to be productive, safe and healthy. This headquarters opportunity will deliver on those goals and open up a universe of branding possibilities,” RFR’s Mr. Camhi said. “Having Aby Rosen contribute his imagination and aesthetic to this project ensures that the result will be exciting, exacting and renewing — for the end user and the City.”
