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NEW YORK CITY — A joint venture between Waterman Interests and J.P. Morgan Asset Management has acquired 400 Park Avenue, a 21-story, class office and retail building located in Manhattan's Midtown Plaza district. The building was constructed in 1957 and was 70 percent leased at the time of closing. Waterman Interests will serve as the managing partner of the venture and will provide property management and leasing services for the building. The seller's name and the acquisition price were not released.