Boston Properties is purchasing L&L Holding Company's 27% stake in 200 Fifth Avenue, a landmark tower in NYC's Flatiron District, for $280M.
The REIT announced the deal in its earnings report, which Bisnow first reported.
Boston Properties will provide leasing services for the office tower and serve as co-property manager with JPMorgan Asset Management, which owns the majority interest in the century-old building.
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