Dutch pension fund buys 30% stake in 21 West End Deal values UWS rental tower at $650M

21 West End Avenue and PGGM s Edwin Velzel

Dutch pension fund manager PGGM snapped u上海夜网

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p a 30 percent stake in ap爱上海龙凤419桑拿

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artment t爱上海

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ower 21 West End Avenue, in a deal that valued the building at $650 million.

Carlyle Group and Greenfield Partners are the sellers, Real Estate Alert reported. Dermot Company and AFL-CIO Building Investment Trust, which developed the 616-unit tower, own the remaining 70 percent.

HFF brokered the deal, which marks PGGM’s first direct real estate investment in New Yor上海贵族宝贝

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k.

The price translates to around $1.1 million per apartment. The tower, which sits between West 60th and 61st streets, is 95 percent occupied. L上海贵族宝贝交流区

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easing started in August 2016. [REA] Konrad Putzier

Tags: Commercial Real Estate
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