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NEW YORK CITY-Vornado Realty Trust and its affiliate Alexander’s Inc. said late Friday that the $751-million sale of Kings Plaza Shopping Center in Brooklyn to the Macerich Co. has closed. The sales to Macerich of Kings Plaza and another Vornado retail property, Green Acres Mall in Valley Stream, NY, were first announced in October.

As a result of the sale of the 1.2-million-square-foot Kings Plaza reaching its conclusion, Vornado shareholders of record on Dec. 10 will receive a special long-term capital gain dividend of $1 per share, payable on Dec. 21. The REIT’s share of the financial statement is about $180 million.

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