ABR completes lease buyout.A complicated lease buyout for 72,000 square feet of prime office space was negotiated by the Westchester/ Fairfield office of Abrams Benisch Riker, Inc./Colliers (ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits. (2) (Available Bit R ) at the Christiana Building at 120 White Plains Road in Tarrytown. ABR served as a consultant to Lazmo, the British conglomerate that acquired and absorbed the former tenant, the American Ultramar Corporation, in December 1991. Negotiations were prolonged pro·long tr.v. pro·longed, pro·long·ing, pro·longs 1. To lengthen in duration; protract. 2. To lengthen in extent. and complicated by the bankruptcy of the building owner, which precipitated the Mitsubishi Bank to foreclose fore·close v. fore·closed, fore·clos·ing, fore·clos·es v.tr. 1. a. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made. b. on the property. The successful buyout negotiations made the space available for a new tenant, The Dannon Company, which then was able to sign a lease for 40,000 square feet of space, with an expected move-in later this year. Sol Sol, in Roman religion Sol (sŏl), in Roman religion, sun god. An ancient god of Mesopotamian origin, he was introduced (c.220) into Roman religion as Sol Invictus by emperor Heliogabalus. Krevlin and Gerald T. Rhine of ABR acted as consultants on behalf of Lazmo in this complicated leasing transaction. |
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