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Electra Puts Tel-Aviv Tower Back on Block

TEL-AVIV-The firm has hired New York City-based Carlton Group to sell the 43-story, fully-occupied office, after a $300 million sale to Azrieli Group broke down early this year.

By Robert Carr | Updated on July 19, 2012

TEL-AVIV-Electra Tower, a new 43-story office property owned by locally based Electra Real Estate and Ampa Ltd., is on the sales block. Ownership has hired New York City-based Carlton Group to market the building.

A deal for the building sale for about $300 million was reportedly dropped early this year by the Azrieli Group, according to story in Globes, an Israeli business publication. A Carlton spokeswoman tells GlobeSt.com that the building had not been formally marketed until now.

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