Binswanger/CBB Arranges Sale of Comcast Corporation Office Building in Englewood, Colorado.Business Editors DENVER--(BUSINESS WIRE)--April 20, 2004 Representing Comcast Corporation, Binswanger/CBB recently negotiated the sale of a 248,813 sq. ft. office building with acreage. The property is located at 188 Inverness Inverness, town, Scotland Inverness (ĭn'vərnĕs`), town (1991 pop. 39,736), Highland, N Scotland, on the Moray Firth at the mouth of the Ness River. Drive. Corporex Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control purchased the property. The investment division of the Corporex family of companies, Corporex Capital, LLC invests in real estate opportunities, purchases hotel and office properties, forms alliances with developers and investors with compelling investments, and makes mezzanine loans A mezzanine loan is a relatively large loan, typically unsecured (ie., not backed by a pledging of assets) or with a deeply subordinated security structure (e.g., third lien on the property but non-recourse vis-a-vis the borrower). for most types of commercial and multi-tenant real estate. They plan on leasing the building to multiple tenants. Comcast obtained the building with the acquisition of AT&T Broadband in November of 2002. Comcast (www.comcast.com) is principally involved in the development, management and operation of broadband cable networks, and in the provision of programming content. The company is the largest cable company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , serving more than 21 million cable subscribers. The company's content businesses include majority ownership of Comcast-Spectacor, Comcast SportsNet, E! Entertainment Television, Style Network, The Golf Channel, Outdoor Life Network, and G4. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbols CMCSA and CMCSK, respectively. Eric Dienstbach, Senior Vice President at Binswanger's Greenwood Village, CO office, handled the transaction. David Fahey, Senior Vice President, Advisory Group, is Comcast Corporation's Account Executive at Binswanger's Philadelphia Headquarters. Headquartered in Philadelphia, PA, Binswanger/CBB is an international, full-service real estate organization, with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the U.K. and Europe, the Middle East, Asia and Australia. |
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