Lehman Nets $800M In NYC Office Building Sale

Law360, New York (February 12, 2013, 8:35 PM EST) -- Lehman Brothers Holdings Inc. reportedly plans to sell 237 Park Ave., a 21-story Manhattan office building, to RXR Realty LLC and Walton Street Capital LLC for more than $800 million, one of the biggest price tags for a sale in New York City in the last year.

Lehman Brothers, which has been in bankruptcy since 2008, asked the court Monday to withdraw two claims against the property consisting of mezzanine loans issued in 2009, according to court documents. The former financial services giant had inked an...
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