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Safehold wraps up $180M ground lease at NYC office property

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Safehold wraps up $180M ground lease at NYC office property

Safehold Inc. completed a $180 million ground lease under the office property at 685 Third Ave. in Manhattan, N.Y.

The ground lease-focused real estate investment trust said 685 Third Avenue is a 31-story, 639,000-square-foot office building in the Grand Central submarket of Manhattan.