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Boston Herald

Steinway selling its stake in flagship NY building

March 26, 2013

WALTHAM, Mass. ? Steinway Musical Instruments Inc. is selling its stake in the Steinway Hall building in New York to JDS Development Group for about $46 million.

The musical instrument maker said Tuesday that 247,000-square-foot, 16-story office building is home to its flagship retail showroom. Steinway Hall opened in 1925 and is located on West 57th St. in Manhattan.

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