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Trinity Real Estate selling Manhattan, NY, development site

Property developer Trinity Real Estate Co. LLC is selling the 32,960-square-foot 2 Hudson Square development site in Manhattan, N.Y., which could be worth at least $180 million in a lease deal, Crain's New York Business reported, citing an unnamed source.

The deal being offered would allow an investor to lease the site possibly for 99 years, with an option to develop a residential rental property, along with mixed-use space.

CBRE broker Darcy Stacom is marketing the property, according to the report.