Vornado Gets $186M For 4 East Coast Properties

Law360, New York (October 29, 2012, 3:14 PM EDT) -- Vornado Realty Trust will unload three suburban Virginia office buildings and a Philadelphia building for a total of $186 million, the real estate investment trust said Monday, marking the latest in its string of hefty deals over the past week.

The REIT did not name the buyers in either transaction but said they will bring in a combined $70 million after Vornado repays an existing loan and covers closing costs. The deal is expected to be buttoned up by the end of the year.

The complexes...
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