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Blackstone sells huge industrial portfolio in NYC, New Jersey100 Park Ave. breaks $100/psf
A tower just south of Grand Central will be the first property below 42nd Street to break the $100-per-square-foot barrier. Sources say hedge fund General American Investors has signed a lease for $105 a square foot at 100 Park Avenue. Landlord SL Green is spending $72 million to improve the 1950 building, where GAI is moving from 450 Lexington Avenue. more [Post]