U.S. real estate investment trust (REIT) Vornado Realty Trust is selling an office building in Chicago and four small retail/mixed-use properties in Manhattan. The commercial real estate owner and manager will sell the 350 West Mart Center in Chicago for nearly $228 million.
Separately, it will obtain a total of about $78 million from the sale of four Manhattan properties. The sales, which are subject to customary closing conditions, are scheduled to be completed in the first quarter.
Click here for the release from Business Wire.