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Olayan America Acquires Nearly Vacant Sony Bldg. on Madison Ave.

ING Capital Finances $1.4 Billion Acquisition of Manhattan Landmark

Olayan America, the U.S. investment arm of Saudi Arabia-based The Olayan Group, purchased 550 Madison Ave. in Manhattan, formerly known as the Sony Building, for a reported $1.4 billion (about $1,642/square foot).

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