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Carew Tower sold for $18 million, $1.5M less than appraised value

Warren LeMay
Wikimedia Commons

The office and retail space at Carew Tower has sold for $18 million to a New York-based investor, putting the iconic structure one step closer to a residential conversion.

Hamilton County property records show a corporate affiliate of Victrix Investments LLC purchased the 49-story tower on August 18 from Carew Realty Inc. On the same day, Victrix affiliate Veles Partners dismissed a foreclosure complaint against Carew Realty and its owner Greg Power, who purchased Carew Tower in 2014.

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