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Case Studies

$60,000,000 Sale and Lease Back of Tower Office Building

Hinckley Allen represented a major national bank in the $60,000,000 sale of a tower office building which housed its corporate head quarters and therefore included a lease back of its office space including preservation of critical rights to expand or reduce the leased premises, building naming rights and numerous customized provisions designed to insure that its corporate headquarters would operate substantially similar to its operation when it owned the property outright. The transaction benefitted the client by increasing its cash position by tens of millions of dollars while preserving its lead tenant status in the building.