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NEW YORK CITY — A fund controlled by CB Richard Ellis (CBRE) Investors has sold a minority interest in 1540 Broadway, a 907,427-square-foot office building located in the heart of Manhattan. The property was acquired as a distressed asset in 2009 by CBRE Strategic Partners Value 5 Fund. The buyer then embarked on a repositioning and leasing campaign, and completed the sale of the minority interest as a way to realize a return on its investment. The buyer was a joint venture between HSBC Alternative Investments and Edge Fund Advisors, which were acting on behalf of a syndicate of HSBC Private Banking Clients. CBRE Investors will maintain a majority stake in the building and will continue to manage the property.