NEW YORK--(BUSINESS WIRE)--The Sapir Organization and CIM Group announced the closing of the sale of 11 Madison Avenue, the iconic office building overlooking Madison Square Park in Manhattan’s Flatiron District, to New York City-based SL Green for $2.285 billion plus approximately $300 million in costs associated with lease-stipulated improvements. Sapir acquired the asset in 2003 and in December 2010, CIM acquired a 49% equity interest in the 30-story, 2.3-million- square-foot trophy office b
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