The deal still stands, but the PA has clarified those numbers. Specifically, according to an authority spokesperson, "the present value of the initial term of the lease is approximately $64 million, with the aggregate of payments about $200 million."
Built by the PA in 1989 and currently 100% leased, the building will be placed in private hands as part of the agency's ongoing privatization of non-transportation-related assets. Insignia/ESG advised the PA on the transaction, which is expected to close by the end of this year.
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