Rockrose.

The sales price was $49.5 million real estate sources said, reflective of the ground lease and an Ann Taylor retail lease.

Rockrose has completed its purchase of the long-term net lease at 645 Madison Avenue, a 22-story 150,000 square-foot office building. Vice presidents Steven P.

"It was a prime asset and fits in perfectly with our long-range plans to acquire Class A office building assets in premier locations," said Morrows. The 14th tower floor of approximately 6,500 square feet is coming available this summer, and Morrows said it is in move-in condition with Central Park views.

Rockrose purchased 300 Park Avenue South last October. "It was a home run," said Morrows. "It's in one of the hippest areas of town."