As GlobeSt.com reported last week, AIG was in talks with at least two companies.
The 15-story property is located in the Otemachi section of Tokyo across from the Imperial Palace. It is thought that when the deal is made public the HQ will go to a Japanese insurance company. The 35-year-old building was put on the market in February and Merrill Lynch in reported to be handling the transaction. There are 25 tenants located in the class-A building, 1,000 employees in total. Every lease in the property expires in 2010.
The deal is part of AIG's attempt to begin repaying the federal government the $45 billion it was loaned in the the rescue package.
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