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GLL RE Buys NY Building For $96M

GLL Real Estate Partners has acquired 4 Columbus Circle, located in New York, from Cerberus Capital Management.

    GLL Real Estate Partners(GLL RE) has acquired4 Columbus Circle, located in New York, fromCerberus Capital Management,Crain’s New York Businessreports. The German real estate investment firm has paid a total of $96 million for the acquisition.

    The office building is presently 86.5% rented andSteelcaseis the key tenant. Private investment firm Cerberus bought the building in 2006 for $82.9 million.

    Click here for the story from克雷恩的新你k Business.

    Click here for additional coverage fromThe Real Deal.

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