BOSTON & NEW YORK --(BUSINESS WIRE)-- Affiliates of Rockpoint Group, L.L.C. ("Rockpoint") and Fisher Brothers together acquired an approximately 50% interest in 1345 Avenue of the Americas and 605 Third Avenue , located in New York City , from National Bulk Carriers, Inc. , a New York -based real estate investment company originally owned by the late Daniel K. Ludwig . Terms of the transaction were not disclosed. The acquisition was completed on December 27, 2013 . Affiliates of Fisher Brothers already hold the remaining 50% stake in both buildings and Fisher Brothers continues to manage the properties. Combined, the buildings contain approximately three million square feet of space. About Rockpoint Rockpoint Group, L.L.C. is a real estate private equity firm headquartered in Boston , with additional primary offices in San Francisco , Dallas and London . The firm employs a fundamental value approach to investing and focuses on select product types and geographic regions, with a primary emphasis on opportunities in major coastal markets in the United States . Since its inception in 2003, Rockpoint has sponsored six private investment funds and four co-investment vehicles, with aggregate capital commitments of approximately $9 billion . The firm's six Managing Members have been working and investing together for 14 years and Rockpoint’s Founding Managing Members have been working and investing together since 1995. Through the Rockpoint sponsored funds and in prior investment vehicles, Rockpoint’s Founding Managing Members have together invested nearly $11 billion of equity in over 330 transactions with a total capitalization of approximately $42 billion . About Fisher Brothers Fisher Brothers is a New York based, family owned, real estate firm founded in 1915 and now in its third generation. Led by partners Arnold, Ken, Steven and Winston Fisher , as owner/builder, in New York City , Fisher Brothers manages and leases more than 6 million square feet of Class "A" Midtown Manhattan office buildings including 299 Park Avenue , 1345 Avenue of the Americas , Park Avenue Plaza and 605 Third Avenue . Its office holdings in Washington DC are represented by the 1.5 million square foot Station Place complex, adjacent to Union Station , comprised of 700 Second Street , 600 Second Street and 100 F Street , which is the largest privately held office complex in the nation's capital. Additionally, more than 1.5 million square feet of residential projects are currently under development including 123 Greenwich Street , 222 East 40th Street , and 101 Murray Street in Manhattan and at 701 2nd Street NE in Washington, D.C. For Rockpoint Group, L.L.C. Owen Blicksilver PR, Inc. Caroline Luz , 203-656-2829 email@example.com or For Fisher Brothers Rubenstein Communications Jody Fisher , 212-843-8296 firstname.lastname@example.org Source: Rockpoint Group, L.L.C. and Fisher Brothers
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