Boston Properties is selling 875 Third Avenue, a Midtown Manhattan office property, to Global Holdings for $370.1 million.The real estate investment trust said the proceeds from the sale of the 719,000-square-foot property will be used to reduce Boston Properties' debt. The sale is part of Boston Properties' plan to raise money to fund the acquisition of 399 Park Avenue in Midtown Manhattan, a property the REIT acquired earlier this year from Citigroup for a little over $1 billion.
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