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Chinese Investor May Unload Midtown Office Stake

NEW YORK CITY—The prospective seller holds a 90% stake—bought for $259 million—in a Sixth Avenue, Class A tower.

By Rayna Katz | raynakatz | Updated on April 03, 2017

1180 6th Ave. The 398,208-square-foot property at 1180 6th Ave., in Midtown, is 100% occupied.

NEW YORK CITY—HNA Property Holdings, a real estate investment and management subsidiary of HNA Property Group—a Chinese conglomerate—is reportedly planning to sell its interest in 1180 Ave. of the Americas.

The 90% stake was purchased by HNA for $259 million in 2011, according to The Real Deal, and the firm’s partner at the building is Murray Hill Properties. The seller at that time was the Carlyle Group, which was delinquent on $277.5 million in loans then attached to the building.

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