Billionaire Chinese developer Zhang Xin is looking to sell her stake in Park Avenue Plaza in one of the first big office listings of the year. Xin’s Closer Properties put its 49 percent interest in the tower at 55 East 52nd Street up for sale in an offering that would value the 45-story building at $1.3 billion, The Real Deal has learned. At 1.2 million square feet, the building is nearly fully leased to tenants like Evercore, Morgan Stanley and General Atlantic. The property has “no significant expirations until 2035 provides investors with more than a decade of stabilized NOI […]

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