Houston-based Hines has sold a 34-story 600,000-square-foot office tower at 750 Seventh Ave. to Fosterlane Management Corporation for $485 million.
The deal marks the return to the Manhattan market of Fosterlane, the real estate investment arm of the Kuwait Investment Authority, which had sold most of its New York properties between 2004 and 2007.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
