Reuters – Lehman Sells Office Building to RXR
Lehman Brothers Holdings Inc. has agreed to sell 237 Park Avenue, a 21-story Midtown Manhattan office building, to RXR Realty and Walton Street Capital LLC, the winning bidders said on Tuesday, Reuters reported. The purchase price is $820 million, two sources familiar with deal said. The pending sale comes just months after Lehman agreed to sell its biggest property holding, apartment owner Archstone, to AvalonBay Communities Inc and Equity Residential for $6.5 billion plus the assumption of debt. Lehman, which collapsed in 2008, emerged from bankruptcy in March 2012 and is selling assets to repay creditors.
13 February 2013•2 mins read
