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LeFrak Organization to sell Jersey City, NJ, office building for $375M

Harbor Group International struck a deal to purchase an 867,000-square-foot office building in Jersey City, N.J., for approximately $375 million, Real Estate Alert reported.

The seller of the 96%-leased, 22-story property at 545 Washington Blvd. is LeFrak Organization Inc.

J.P. Morgan and Insurance Services Office leases approximately 80% of the property, according to the report.