NEW YORK CITY-The estate of Lehman Brothers Holdings Inc. is seeking to sell its nearly 90% equity stake in an office building located at 200 Fifth Avenue. Partner L&L Holding Co., Which holds the remaining stake in the building spanning 800,000 square feet, plans to retain its stake. The two firms purchased the property in 2007 for $480 million.
Eastdil Secured is handling the sale of the bank's stake. The property is now over 80% occupied. For the full story, go to Wall Street Business Journal.
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