They got Worldwide Plaza, now they have to lease it up

10/23/2009 | Bloomberg

The real estate investor who headed negotiations for the purchase of Manhattan's 709,000 square foot Worldwide Plaza, Peter Duncan, has another task awaiting him: Finding tenants for the 40% of the skyscraper that is vacant. The $590 million purchase price, about a third of its price two years earlier, might give the new owners room to undercut competitors on the rents, analysts said.

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