Crown Acquisitions, Highgate to Acquire Office & Retail Tower at 650 Madison Avenue for $1.3 B from Carlyle Group

Noted retail property specialist Crown Acquisitions and Highgate, a fully-integrated real estate investment firm, are under contract with global alternative asset manager The Carlyle Group to acquire the trophy 27-story glass and steel office and retail tower at 650 Madison Avenue for a purchase price of $1.3 billion. The trophy 27-story glass and steel office and retail tower at 650 Madison Avenue (Photo: Business Wire) Located in the heart of Midtown's Plaza District, New York City's most prestigious and exclusive submarket, 650 Madison is an iconic 600,472 square foot complex. “650 Madison Avenue is one of the finest properties in all of Manhattan, a trophy in every sense,” said Stanley Chera, founding principal of See full press release