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$330M HSBC Sale-Leaseback Makes Splash in Sluggish Market PDF Print E-mail
Thursday, 08 October 2009 10:48
With the commercial real estate market still hindered by a chilly credit market and declining property values, sale-leaseback activity has dwindled, but London-headquartered HSBC Holdings plc's HSBC Bank USA N.A. still sees some advantages in such deals. The financial services company has signed a $330 million cash sale-leaseback agreement with a subsidiary of Israel-based IDB Group for its 865,000-square-foot New York City headquarters.




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