Vornado also said that the sale of Two Park Ave., a 965,000-sf office building in Manhattan's Murray Hill, section closed yesterday. In early August, the REIT sold the site for $292 million to SEB Immobilien-Investment GMBH, a German capital investment company. Vornado's gain on the sale, after closing costs, will be approximately $157 million.
The 29-floor property, built in 1928, has office tenants including Herrick Feinstein, Schieffelin, Somerset and Co., New York Community Trust, Donald J. Fager and Assoc. as well as retail tenants such as Federal Express and North Fork Bank.
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