Exxon to Sell HQ to Japanese
NEW YORK — Exxon Corp., the world’s biggest oil company, will sell its world headquarters building to a Japanese real estate concern for $610 million by the end of the year, according to an agreement announced today.
Exxon said it and Rockefeller Group Inc. intend to sell their respective interests in the Exxon Building, a 54-story skyscraper at 6th Avenue and 50th Street, to Mitsui Fudosan (New York) Inc., a subsidiary of Mitsui Real Estate Development Co. Ltd. The move comes during a period of retrenchment for Exxon and the petroleum industry in general.
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