American Realty Capital Snaps Up $220M NYC Office

Law360, New York (July 1, 2013, 6:07 PM EDT) -- An affiliate of American Realty Capital announced Monday that it has scooped up a midtown Manhattan office building from SL Green Realty Corp. for $220.3 million, on the heels of its affiliates closing two major portfolio deals with GE Capital.

Per the deal with SL Green, American Realty Capital New York Recovery REIT is nabbing the fee simple interest in a 10-story tower at 333 W. 34 St. The buy comes just days after two affiliates picked up a pair of national restaurant and retail portfolios...
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