Fosterlane Purchased NYC Office at 750 7th Avenue for $485 Million

Fosterlane Management Corporation, the sovereign wealth enterprise real estate arm of the Kuwait Investment Authority has purchased a 34-story office tower in New York City from Hines. The building is at 750 7th avenue and has Morgan Stanley as a key tenant. The office tower was built in 1989 and earlier bought by Hines  from Morgan Stanley.

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