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NEW YORK (AP) - A Dubai-based investment firm said Thursday it has purchased 230 Park Avenue, a 34-story midtown Manhattan office building commonly known as the Helmsley building that sits above Grand Central Terminal's underground commuter train and subway complex.
The buyer, Istithmar PJSC, purchased the building for $705 million. The seller was 230 Park Avenue Investors LLC, of which Robert Bass of Fort Worth Texas is a lead investor.
The building's current tenants include ING Baring, Tokio Marine and Bank of Argentina. It may get a new name that makes reference to the building's new owners.
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