IDB Holding Corp. Ltd. (IDBH.TV) said Wednesday that it has completed the purchase of the HSBC Tower in New York City for $330 million.

IDB made the purchase through two of its subsidiaries, Property and Building Corp. Ltd. (PTLB.TV) and Koor Industries Ltd. (KOR.TV). IDB is financing the deal partly with a $210 million 10-year loan from Bank Leumi Le Israel (LUMI.TV).

IDB Holding is a large holding company, which owns 86.5% of Property and Building, a real-estate and construction company, and 76% of Koor, an investment company.

At 0902 GMT, shares of IDB Holding were up 1.40 shekels, or 1.10%, at ILS128.30 ($34.70); shares of Property and Building were down ILS3.30, or 1.10%, at ILS297.70; and shares of Koor were up ILS1.10, or 1.07%, at ILS103.80, in a higher Tel Aviv market.

-By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com