Metropolis Realty Trust, Inc.Metropolis Realty Trust, Inc. announced that it has entered into an agreement to sell all of its interests in 237 Park Avenue in Manhattan to a private investor. The closing of the sale is subject to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and other customary closing conditions. The sale is expected to close during the fourth quarter, although there can be no assurance that the sale will be consummated. The property at 237 Park Avenue is a 21-story Class A office building with approximately 1.2 million rent able square feet of space. The building, centrally located in Midtown Manhattan, is situated off one of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's most prestigious thoroughfares and is within close proximity to Grand Central Station. The property serves as the corporate headquarters for J. Walter Thompson Walter Thompson refers to:
Upon consummation of the sale, Metropolis will continue to own substantially all of its interests in another New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office building, 1290 Avenue of the Americas. |
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