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Filene's Basement

Vornado Sells Stake In Former Filene's Site to Millennium Partners

Vornado Realty Trust, (VNO) one of the nation's largest commercial landlords, sold its 50% stake in a site located in Boston's Downtown Crossing district to a unit of Millennium Partners, a person familiar with the matter said Thursday.The New York-based real estate investment trust disclosed late Wednesday that it sold the stake, but did not identify the buyer, at a loss of $2 million and that the impairment was recognized in the first quarter. Millennium now owns the entire site which was the former home to Filene's Basement, the person said.Write to A.D. Pruitt at angela.pruitt@dowjones.com-0-Original Email Message: http://10.0.64.72/enewsmails/Links.aspx?Ac=6&ID=20130425-11033712-0(MORE TO FOLLOW) Dow Jones NewswiresCopyright © 2013 Dow Jones Newswires...

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