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LOS ANGELES-PHR LA Mart LLC, a local investment group, has purchased the L.A. Mart for an undisclosed price, rumored to be $55 million, from Vornado Realty Trust. The one-of-a-kind design center, office and showroom building downtown offers 784,093 square feet of rentable space on 13 levels and is a premier design, purchasing and event destination for many of the West Coast’s finest furniture designers and wholesalers.

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