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Investcorp opts out at Metro.

Publication: Real Estate Weekly
Publication Date: 23-MAR-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Investcorp opts out at Metro.(Investcorp Bank B.S.C., Metropolitan Tower)(Brief Article)

Article Excerpt
Despite Ann Taylor's imminent exit from its roughly 120K s/f headquarters in Metropolitan Tower, joint owner Investcorp has decided to sell its majority interest in the property to Principal Real Estate Investors for almost $500 per s/f.

The sale will force a recapitalization because L&L Acquisitions, which owned the...

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