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Japan's UNIZO buys Manhattan, NY, property for $468M

Japanese real estate company UNIZO Holdings Co. marked its sixth purchase in New York City with the $467.5 million acquisition of the 31-story building at 685 3rd Ave. in Midtown Manhattan from TH Real Estate.

The property encompasses 651,492 square feet of office space with ground-level retail.

CBRE represented the seller in the transaction.