Bank of America has previously said it planned to enter into along-term lease in the building following the sale. Jones LangLaSalle managing director Bruce Miller, managing director JimPostweiler, EVP Bruce Westwood-Booth and VP Peter Harwoodrepresented Bank of America in the sale. Officials with JLLdeclined to comment on the deal. AmTrust officials could not bereached for comment.


In April, Miller talked with about the bank's plansfor an SLB. He said SLBs are becoming a national trend and that nowis a good time to perform that type of transaction. "There areplenty of active buyers circling around properties with long-term,stable tenants with strong credit ratings ... this is the righttime to leverage the lack of competitive product in the market," hetold in April. "Corporations are wisely converting realestate to cash to increase their capital ratios," he said.


The building suffered a multi-story fire in December 2004, andunderwent a multimillion restoration, including a complete façaderestoration, a new building automation and air distribution system.Renovations also included the installation of a building-wide lifesafety system that allows early detection of smoke, fire, naturalgas and carbon monoxide within the tower.

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