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HSBC signs on for another 10-years.


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, Inc announced that HSBC Bank USA HSBC Bank USA, N.A., the United States subsidiary of the HSBC Holdings plc, is a bank with its head office in New York City. History
The Hongkong and Shanghai Banking Corporation acquired a 51% shareholding in Marine Midland Bank of New York State, headquartered in
, N.A. has signed a 10-year lease renewal for 7,237 s/f 250 Park Avenue, where the company also operates a retail bank branch.

Robert L. Billingsley, Vice Chairman; David L. Hoffman, Jr., Executive Managing Director; and Wendy Miller, Managing Director, of Colliers ABR, represented the landlord, AEW AEW Airborne Early Warning
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AEW Agr' Eau' Wat (Canadian agricultural consultant)
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 Capital Management, L.P. in the transaction. AEW serves as manager for the asset on behalf of one of its institutional clients.

"We were happy to negotiate this transaction to allow HSBC HSBC Hongkong and Shanghai Banking Corporation
HSBC Humane Society of Broward County (Florida)
HSBC Humane Society of Bay County (Bay County, Michigan) 
 to retain their retail banking branch at 250 Park Avenue," said Robert Billingsley. "In today's tight market, ground floor space like this is extremely limited. We were pleased HSBC was committed to staying in the building for another ten years."
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Apr 25, 2007
Words:129
Previous Article:Bank renews at Lincoln Building.
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