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Japanese real estate giant pays $259M for stake in 55 Hudson Yards

By Holly Dutton

Japanese real estate giant Mitsui Fudosan plunked down $259 million for a stake in 55 Hudson Yards, Related’s forthcoming Far West Side office tower, according to city records filed today (Tuesday).

55 Hudson Yards
55 Hudson Yards

Documents show Mitsui Fudosan America, based in Tokyo, paid $258.8 million earlier this month for a stake in Related’s 1.3 million s/f tower that will rise at 11th Avenue between 33rd and 24th Street.

Designed by Kohn Pederson Fox, construction on 55 Hudson Yards is slated to begin this spring.

Mitsui Fudosan has more than $40 billion in international real estate in its portfolio, including the Rockefeller Center office tower at 1251 Avenue of the Americas, and is also a partner in 160 Madison, a 391-unit rental building in Midtown South that is still under construction. The firm could not be reached for comment as of press time.

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