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

, The Am Law Daily


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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