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NEW YORK CITY-Less than a year after making its first purchase here, Norfolk, VA-based Harbor Group International said Tuesday afternoon that it has made its second, with an affiliate of the company picking up 1412 Broadway for $150 million. Seller Murray Hill Properties had paid $105 million for the 415,135-square-foot office property in 2004. The deal was first reported last week by the New York Post.

Jordan E. Slone, Harbor Group’s chairman and CEO, says in a release, “1412 Broadway presented an excellent opportunity to acquire a core office building in Manhattan’s Times Square submarket. With little commercial development expected in the immediate future, the building will continue to appeal to a wide range of tenants and benefit from positive rental rate trends in a rapidly improving New York office market.”

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