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New York City Comptroller William C. Thompson, Jr. issued the following statement about the New York City Retirement Funds' investment in a $165 million project to renovate and convert the Williamsburg Savings Bank Building in downtown Brooklyn into condominiums and retail space.

The New York City Employees' Retirement System, Teachers' Retirement System, New York City Police Pension Fund, and New York City Fire Department Pension Fund are among the investors in Canyon-Johnson Urban Fund II, which purchased One Hanson Place .

" One Hanson Place epitomizes the double bottom line agenda we have set forth for the City's retirement funds: to do good for the people of New York and to do well financially for the City's pension plans," Thompson said. "By making smart, profitable investments like One Hanson Place , we have created a win-win formula for success."