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Key Points
Namdar Realty Group is purchasing the 170,000-square-foot retail space at One North State Street for $8.3 million.
The property, which last traded for $54.5 million in 2004, is 93 percent leased with anchor tenants T.J. Maxx and Burlington.
This acquisition is part of Namdar's strategy of buying distressed properties, and it highlights the ongoing retail slump on State Street despite some recent lease signings.