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Vornado Realty to sell office complex for $152.8M



By AP
22 May 2008 @ 03:07 pm EST

PARAMUS, N.J. - Real estate investment trust Vornado Realty Trust said Thursday it has agreed to sell an office building complex in Virginia to an undisclosed buyer for about $152.8 million.

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Vornado's gain on the sale of the Tysons Dulles Plaza in Tysons Corner, Va., will be about $56 million, the company said.

The sale is expected to close in the second quarter, subject to customary closing conditions.

Vornado shares fell 9 cents to $94.60 in afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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