MSKCC Purchases 61st Street Facility for $185M

Cancer treatment and research institution Memorial Sloan Kettering Cancer Center (MSKCC) has exercised its option to purchase the eight commercial condominiums the healthcare provider currently leases at 321 East 61st Street. News of the deal comes just one week following the $300.4 million condominium leasehold purchase of 414,317 square feet at the Lipstick Building, 885 Third Avenue. According to an MSKCC spokesperson, the recent purchases are part of a multi-year strategy to consolidate locations and bring staff together as each one of MSK’s leases expire.