ARLINGTON, VA-Lehman Brothers Holdings Inc. has signed a preliminary agreement with Goldman Sachs & Co. to sell its 78.5% share in a Rosslyn portfolio comprising 10 buildings for $385 million. Lehman intends to utilize the proceeds from the deal to repay creditors. Eastdil Secured organized the deal.
As per the deal, Goldman would acquire the stake through a $1.257 billion worth joint venture. The portfolio totaling 3.2 million square feet accounts for 30% of all commercial properties in Rosslyn. For the full story, go to Washington Business Journal .
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