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The Blackstone Group – Acquisition of office building in the United States

The New York-based alternative investment firm, The Blackstone Group, has agreed to acquire from the Hong Kong-based private equity real estate firm, Gaw Capital Partners, an office complex in San Francisco for €245 million. The class A office asset totals 27,302m2 in the north Financial District. Tenants include insurance company Esurance, a U.S. Army recruiting center, advertising firm Bonfire Labs and CBF Electric & Data.