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Three years after $360M buy, Normandy looks to sell 575 Lex
Eastdil Secured marketing 35-story, 610K sf tower
![From left: Normandy's Finn Wentworth, 575 Lexington Avenue in Midtown and Eastdil Secured's Adam Spies](https://static.therealdeal.com/wp-content/uploads/2015/02/575-final-2.jpg)
Just three years after paying $360 million for an office tower at 575 Lexington Avenue, Normandy Real Estate Partners is looking to sell.
The real estate investment firm purchased the 35-story, 610,000-square-foot building from a partnership between Silverstein Properties and the California State Teachers Retirement System in 2012. The partnership sold it for $40 million less than they bought it for in 2006 during the boom. Now, Crain’s reported that the property could command even more than its previous peak price of $400 million.
Eastdil Secured is marketing the property for Normandy. [Crain’s] — Tess Hofmann
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