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Park Ave Office Tower

  • Acquired in 2006, a 330,000 sq ft, fully occupied office building in the heart of Midtown South. BCN bought the asset in 2006 to convert to a Hotel or Residential Property. BCN has refurbished the asset and put 10 new elevators in, to raise the income over 20% in 5 years.
  • Value $283,000,000
  • UBS, Financing