Deerfield will pay $345 million for RFR Realty’s 345 Park Avenue South, and it is seeking roughly $97.4 million in city tax breaks for the deal, according to a cost/benefit analysis of the transaction from the city’s Industrial Development Agency. The firm plans to convert most of the space in the 12-story building into lab space for the life sciences industry, which New York has historically had trouble attracting. It should provide the city with […]
source https://therealdeal.com/2019/05/28/deerfield-to-pay-345m-for-aby-rosens-345-park-avenue-south/
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