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Acquisitions

Dermot Company acquires 220 East 72nd Street

Dermot Company + USAA Real Estate + PGGM have acquired 220 East 72nd Street from Spitzer Enterprises for $160 million, according to TRD. The rental building spans 156,200 SF, and contains 147 apartments, plus one commercial unit. HSBC provided the acquisition financing.

Worth Noting: The property located in Lenox Hill between Second and Third Avenues. It benefits from its close proximity to the new Second Avenue subway.

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