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NEW YORK CITY-The former Morgan Stanley hub at 750 Seventh Ave. has sold for $485 million to Fosterlane Management Corp., marking a return to the Manhattan marketplace for the offshore investor, Hines said late Wednesday afternoon. The 600,000-square-foot Midtown office tower traded for slightly more than $800 per square foot, about three times the rate Hines and an institutional equity partner paid in 2000 to buy it from Morgan Stanley.

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