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Equity Residential Pays $210M for High-Rise Apt. Tower

Parc East Tower in Midtown Manhattan Fetches $650,000 Per Unit
By Felicia Rutledge
October 17, 2007 | 6:53 P.M.

Equity Residential has acquired the Parc East Tower Apartments, a 26-story residential high rise with 324 units in midtown Manhattan, for $210 million, or approximately $650,000 per unit. The seller was 240 East 27th Street Owner LLC.

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