09:26 AM EST, 01/22/2025 (MT Newswires) -- Paramount Group ( PGRE ) said Wednesday it has sold a 45% stake in a 600,000-square-foot Manhattan office building at a gross asset valuation of $210 million.

The real estate investment trust said it will continue to own the remaining 55% stake and manage and lease 900 Third Avenue, a class A office building located between 54th and 55th Streets in Midtown Manhattan.