Am Law 100 Trio Lead on $1 Billion in Property Sales

, The Am Law Daily

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Real estate firm Hines has announced the sale of Manhattan office buildings at 425 Lexington Avenue and 499 Park Avenue to JPMorgan Asset Management and American Realty Advisors, respectively, for a combined total of more than $1 billion. Simpson Thacher & Bartlett's recent renewal of a lease for 595,000 square feet of space at 425 Lexington was a key factor in the sale of the office tower.

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