Sentences with phrase «lease back the space»

The gallery may lease back the space until the middle of next year, he said, declining to comment on where it will move next.

Wagner said at the time that the bank expected to sell the building and then lease back space to become more efficient without reducing employment levels.

Not exact matches

The asset - backed office space investment starts at just $ 30,000 for a 99 - year lease and gives investors a guaranteed fixed 12.5 % per annum return.

Governor Andrew Cuomo's $ 3 billion planned overhaul of Penn Station and James A. Farley Post Office received a setback Tuesday when the Port Authority of New York and New Jersey announced that it was backing out of leasing a 40,000 square foot space in the post office building, The Real Deal reported.

Port Authority had signed a lease back in 2000 with Empire State Development to use the space in the transformed building (which would be known as Moynihan Station) for 35 years, and pay $ 10.5 million each year.

Port Authority signed a deal with Empire State Development back in 2000 to lease 40,000 square feet of space at the redeveloped James A. Farley post office building which will be known as Moynihan Station after the overhaul.

With that help and the backing of local foundations, Perspectives was able to negotiate favorable terms for a new, permanent 30,000 square - foot building (on a lot leased from Chicago Public Schools, which no longer needed the space).

Owner may lease back part of space Building only Listing Courtesy of Berkshire Hathaway... View Listing Details»

I had given a special five - year lease to the Swiss Institute — I was planning to be away, but I had always planned to take the space back.

Central Union manages this by leasing their roof space to a solar company, who then sells back to them the electricity at a reduced rate.

These transactions, in which an operating company sells the real estate it owns and occupies to investors and then leases the same space back on a long - term lease, are a popular way to free up capital for business expansion.

Syratech Corp., the seller, will lease back 118,000 sq. ft. of office and warehouse space here.

Since the parking space provision in the lease did not identify an appropriate limit for parking spaces and thus was ambiguous, the court reversed the lower courts and sent the case back to the trial court to allow the parties to submit evidence to clarify the ambiguous parking - space provision in the lease.

The GSA owns 219 million sq. ft. of space and leases another 169 million sq. ft.. Some leased government facilities date back to the 1960s and 1970s, with government - owned structures even older.

«They have subsequently sold the complex, but lease back a lot of space.»

In 1994, the Swiss Bank Corporation («Owner») began seeking investors who would be willing to purchase its Connecticut headquarters and then lease the space back to the Owner.

Andersen proposes to sell the facility on terms that will allow it to lease back a substantial portion of the space in it.

Current seller prefers to lease back pawn shop space after closing.

Before moving back home to Boston, Max started his career in Chicago as a commercial real estate broker focused on warehouse space and completed over 370,000 square feet in lease transactions.

If a lease doesn't have specific provisions on how rents will be dealt with after a catastrophe, that could spell trouble, Golden notes: «The tenant may have an obligation to continue paying rent, even though they have no expectation to get back into the space any time soon.»