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NEW YORK CITY-Confirming earlier reports, Clarion Partners said Tuesday afternoon it has bought 100-104 Fifth Ave. from the Kaufman Organization and Invesco Real Estate for $230 million. Kaufman has been retained as leasing and managing agent for the 277,412-square-foot Midtown South office property.

“100 Fifth is one of the top institutional-quality assets in the Midtown South submarket,” Gary Rufrano, a director at Clarion Partners, says in a release. “The class A vacancy rate in the area is just 3.2%, and with limited potential for new competition, we are very pleased with this addition to our portfolio.”

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