WASHINGTON (dpa-AFX) - Vornado Realty Trust (VNO) said Tuesday that it has entered into an agreement to sell 1750 Pennsylvania Avenue, NW, a 278,000 square foot office building in Washington, DC, for about $182 million.
The sale, which is is expected to be completed in the third quarter of 2015, will result in a financial statement gain of approximately $102 million.
The tax gain will be deferred as part of a like-kind exchange, the company said.
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