Blackstone acquires former Sears Tower in Chicago for US$1.3b
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New York
THE Blackstone Group LP agreed on Monday to buy the Willis Tower, the former Sears Tower that for 25 years was the world's largest building, in a deal that features an observation deck as a tourist attraction and unique revenue stream.
The acquisition for the office building was valued at US$1.3 billion, making it the highest price paid for a US office tower outside of New York, according to MarketWatch, which first reported the news.
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