Paramount Group (PGRE) said Wednesday it has sold a 45% stake in a 600,000-square-foot Manhattan office building at a gross asset valuation of $210 million.
The real estate investment trust said it will continue to own the remaining 55% stake and manage and lease 900 Third Avenue, a class A office building located between 54th and 55th Streets in Midtown Manhattan.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.