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REA
August 10, 2016  

Midtown Offices Set to Trade for $330 Million

Startup investment firm Cove Property is teaming up with Baupost Group to buy a soon-to-be vacant Manhattan office building for roughly $330 million.The price tag for the 423,000-square-foot property, at 441 Ninth Avenue, works out to a lofty $780/sf, boosted by the potential for redevelopment. The site, a block east of the 28-acre Hudson Yards development, could accommodate the construction of at least 515,000 sf of office, retail, hotel or...


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