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Vornado wraps up $260M deal

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Paramus-based real estate investment trust Vornado Realty Trust announced Wednesday that it has completed a $260 million sale.

Beverly Connection, a power shopping center in Los Angeles, garnered Vornado $239 million in cash and $21 million in 10-year seller financing, it said in a news release. The sale will give Vornado a net gain of approximately $44 million in its third quarter.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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