GLL Real Estate Partners (GLL RE) has acquired 4 Columbus Circle, located in New York, from Cerberus Capital Management, Crain’s New York Business reports. The German real estate investment firm has paid a total of $96 million for the acquisition.
The office building is presently 86.5% rented and Steelcase is the key tenant. Private investment firm Cerberus bought the building in 2006 for $82.9 million.
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