Deutsche Bank Sells Midtown Building
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Deutsche Bank AG sold its 31 W. 52nd St. office building in Midtown Manhattan to Paramount Group, a spokesman for Deutsche Bank confirmed yesterday.
The terms of the sale for the 30-story tower, housing roughly 700,000 square feet, were not disclosed. The agreement for the building sale was signed November 13, the spokesman said. According to an article in Real Estate Alert in October, the building was expected to attract bids of about $1 billion.
A spokeswoman for Paramount Group declined to comment on the sale.
