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Japanese firm lands $84M financing for Midtown East buy

Shimizu Realty Development has entered the New York market, scooping up the United Nations-leased Albano building in Midtown East for $ 152 million, the firm announced. The buyer, a subsidiary of Tokyo-based construction giant Shimizu Corporation, also landed an $ 84 million loan from Sumitomo Mitsui Banking Corporation for the acquisition of the office building, records show. In a press release, Shimizu said the deal represents the firm’s plans to expand its real estate development business in


The Real Deal New York

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