By Sara Toth Stub Special to DOW JONES NEWSWIRES JERUSALEM--Israeli real-estate management company Azrieli Group Ltd. (AZRG.TV) said Thursday it has purchased an office building in North Carolina for $245 million, giving it a second property in the United States. Earlier this year, Azrieli bought a Houston office building that houses Dow Chemical Co. (DOW) for $107.5 million. Azrieli said the building in Charlotte, North Carolina, will bring in an additional $18.5 million a year in operating income. The 985,315-square-foot building is currently leased to Wells Fargo Bank (WFC), which has a lease until 2021. Azrieli said it has been granted a $100 million loan, with annual interest of 4.5%, for up to 12 years, to help finance the purchase of the building. Azrieli, which held an initial public offering on the Tel Aviv Stock Exchagne in 2010, manages and invests in commercial properties mainly in Israel. At 1130 GMT, shares of Azrieli were down 1.57 shekels ($0.40), or 1.8%, at ILS88.34, in a lower Tel Aviv market. Write to Sara Toth Stub at Londonequ.Slot@dowjones.com
