TIAA arm wants to sell 49% stake in 470 PAS

The real estate arm of TIAA is continuing its attempt at a New York property purge. TH Real Estate is looking to sell a 49 percent stake in 470 Park Avenue South, which it owns with Norges Bank, sources told The Real Deal. The investment manager hired Eastdil Secured to market the stake in the 17-story, 260,000-square-foot Midtown office property, sources said. Sources said TIAA has been interested in selling it for a couple of […]

Source: Real Estate

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