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Paramount Sells $210M Stake in Manhattan Office Property — But Will Remain Majority Owner

The REIT will keep the remaining 55 percent.

By Anthony Russo | January 23, 2025 at 10:43 AM

Paramount Group has announced a minority stake sale in its 900 Third Avenue property at a $210 million gross asset valuation.

The deal will give the buyer, which was undisclosed, 45 percent of the equity in the Midtown, Manhattan Class A office building. Paramount will continue controlling the remaining 55 percent.

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