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RXR will acquire 590 Madison Ave. for almost $1.1 billion, The Real Deal reported.

State Teachers Retirement System of Ohio owns the 1 million-square-foot property in Manhattan and paid $202 million for the asset almost 30 years ago, CommercialEdge shows. The property is encumbered by a $650 million loan issued by Wilmington Trust, set to mature this October, according to the same source.

Among interested buyers were also Blackstone, RFR, SL Green and Tishman Speyer, according to The Real Deal. Last month, reports placed Blackstone as the frontrunner.