News
Behringer Preps For Sale
December 6, 2012
| Behringer Harvard is shaping up 1875 Lawerence to ship it out to a new owner. | ||
 |
||
| In a presentation filed with the SEC, Behringer Harvard states it plans to remarket the 186k SF tower for sale next year. Company officials tell us that a sale won't happen until late 2013 or "more likely" 2014. That’s after it accomplishes a number of things, such as a lobby renovation, converting companies to triple-net leases, possibly leasing retail space, and renegotiating a $15M loan due this month. It’s all part of an effort for “repositioning the property within its market,” the company states. Sounds like a fancy way of saying you may have to take the stairs during construction. | ||
|
