Lehman Brothers is seeking to sell most of its commercial real estate property in Rosslyn, Virginia, to a subsidiary of Goldman Sachs, Reuters reports. The seller is aiming to raise around $385 million from the sale.
Lehman will use the proceeds to pay back its creditors. The deal was arranged by real estate investment banking firm, Eastdil Secured, adds Business Journal. The property is part of Lehman’s real estate holdings, sales of which may give the lender a total of $13.2 billion by the end of 2014.
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