Property-service union 32BJ SEIU bought four commercial condos from landlord RXR Realty at its Midtown South headquarters for $144 million.
The 120,000-member union, which is based in New York City and operates in eight states and Washington, D.C., picked up the units at RXR’s 620 Avenue of the Americas in Chelsea for $143.9 million, property records filed with the city Friday show.
The union currently occupies 243,000 square feet on the building’s 4th through 6th floors, according to CoStar.
In 2011, RXR [TRData] bought a controlling interest in the seven-story, 719,000 square-foot building from a partnership led by the Chetrit Group in a deal that valued the building at $500 million. The Long Island-based developer then picked up the remaining 45-percent interest the following year.
The property’s retail component is anchored by Bed, Bath and Beyond and TJ Maxx.