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Acadia Realty Pays $144 Million for 840 N. Michigan Ave.

New York Firm Secures Majority Ownership in Core Investment on Chicago's Magnificent Mile
By Bryce Meyers
CoStar News
December 5, 2014 | 9:47 P.M.

Acadia Realty Trust (NYSE: AKR) has acquired an 88.4% stake in a high barrier-to-entry street-retail building on Chicago's Magnificent Mile for $144.3 million, or approximately $1,870 per square foot.

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