Agfa U.S.A. completes a double take in Boston.Agfa U.S.A., a Ridgefield Park Ridgefield Park, village (1990 pop. 12,454), Bergen co., NE N.J., on the Hackensack River; inc. 1892. Chiefly residential, it manufactures some paper goods. , N.J.-based chemical and imaging products manufacturer, has sold and leased back space in its two-building, 340,000 s/f regional headquarters at 200 Ballardvale Road in Wilmington, Mass., a northern suburb of Boston. Peter Yannotta, Steven Rich, John Warburton John Warburton is the name of:
The sale of a fixed asset that is then leased by the former owner from the new owner. A sale and leaseback permits a firm to withdraw its equity in an asset without giving up use of the asset. Also called leaseback. transaction. The buyer was Griffith Properties, of Boston. The 22-year-old buildings, located 12 miles north of Boston North of Boston is a 1914 poetry collection by Robert Frost. It includes two of his most famous poems, 'Mending Wall' and 'After Apple-picking'. Most of the poems resemble short dramas or dialogues. , currently house a New England regional administrative office and research, development and manufacturing facilities. The sale included an adjacent 16-acre tract available for construction of one or more additional buildings. "Agfa chose Equis to design a strategy to dramatically reduce overall occupancy costs," said Yannotta. "Our profitability analysis determined that sale/leaseback proceeds could maximize value for Agfa without having to get locked in a long rental lease Rental lease See: Full-service lease term." "Agfa's new five-year lease features flexible lease terms and square footage, while the sale provides proceeds for capital expenses needed for future business expansions." |
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