Vornado Completes Acquisition of Long Island City Office Building

PARAMUS, N.J.--(BUSINESS WIRE)--

VORNADO REALTY TRUST VNO announced today that it has completed the previously announced acquisition of the Center Building, an 8-story 437,000 square foot office building, located at 33-00 Northern Boulevard in Long Island City, New York. The building is 98% leased. The purchase price was $142 million, including the assumption of an existing $62 million 4.43% mortgage maturing in October 2018.

Vornado Realty Trust is a fully integrated equity real estate investment trust.

Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.