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As earlier mentioned, the Wall Street Journal now confirms that Lehman Brothers Holdings has agreed to sell its stake in 200 5th Avenue, best known for it’s marquis tenants Eataly, Tiffany & Co., and Grey Group and its views on to Madison Square Park. The buyer is reportedly a fund at JP Morgan Asset Management.

The Madison Square Park area has been booming over the last few years with entertainment and internet startups (Zynga, GroupMe, Bonobos), fashion design houses like Vera Wang, interactive ad agencies, and the headquarters of many prestigious companies moving to the park vicinity (the Whitney museum, Tiffany & Co., Chipotle, and Grey Group).

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