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SACRAMENTO-California’s Department of General Services has chosen a partnership led by Houston-based Hines and Antarctica Capital Real Estate LLC as the buyer for an 11-property, 7.3-million-square foot portfolio of state office buildings that it has been marketing as a sale-leaseback since early this year. The winning offer of $2.33 billion was one of more than 300 bids and will generate more than $1.2 billion for the state general fund as well as $1.09 billion to pay off bonds on the buildings.


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