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China's HNA Reportedly To Buy NYC Office Tower For $2.21 Bln

Chinese conglomerate HNA Group Co. is leading a deal to acquire Manhattan's 245 Park Ave. for $2.21 billion, according to reports citing people familiar with the matter.

HNA may be involved with at least one partner on the purchase. The 1.7 million-square-foot office tower, with tenants including JPMorgan Chase & Co., is being sold by Brookfield Property Partners LP and its 49 percent partner in the property, the New York State Teachers' Retirement System.

by RTT Staff Writer

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