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NEW YORK CITY-Vornado Realty Trust has closed on the acquisition of 350 Park Ave. for $542 million. The property’s seller was not disclosed. Additionally the property has secured $430 million, five-year, interest only financing, according to a Vornado release.

The sale of the 538,000-sf class A office building was made public at the beginning of November, as GlobeSt.com reported. Vornado’s latest acquisition sits on Park Avenue between 51st and 52nd streets and is 100% occupied.

Vornado owns about two dozen office properties in Manhattan with the majority in midtown. Its holdings include 29, 31, 49 and 50 West 57th St., One Penn Plaza and 640 and 689 Fifth Ave.

In late November Vornado agreed to acquire the Manhattan Mall from Argent Ventures for $689 million, as GlobeSt.com reported. The 97%-leased mall has a tenant list that includes Steve & Barry’s University Sportswear, Aeropostale and Children’s Place. The Manhattan Mall contains some 164,000 sf of retail space and 812,000 sf of office space.

The company also acquired 37 former Toys “R” Us stores for $171 million.

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