Florida Virtual Houses

$330M HSBC Sale-Leaseback Makes Splash in Sluggish Market

October 28th, 2009

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. pa href="http://feedads.g.doubleclick.net/~a/UuOjuA-MHuna6M29WaMMGKZN1AU/0/da"img src="http://feedads.g.doubleclick.net/~a/UuOjuA-MHuna6M29WaMMGKZN1AU/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/UuOjuA-MHuna6M29WaMMGKZN1AU/1/da"img src="http://feedads.g.doubleclick.net/~a/UuOjuA-MHuna6M29WaMMGKZN1AU/1/di" border="0" ismap="true"/img/a/p

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