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Vornado enter into agreement to sell parcel of Harlem Park for $65M

Vornado Realty Trust announced that it has entered into an agreement to sell a parcel of land known as Harlem Park located at 1800 Park Avenue in New York City for $65M plus additional amounts which may be received for brownfield credits. The sale will result in net proceeds of approximately $62M and a net gain of approximately $22M. The sale, which is subject to customary closing conditions, is expected to be completed in the Q2.