Legal Week Reports
March 02, 2005 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
New York leader Sullivan & Cromwell has landed an estimated $11m (£5.73m) after selling off part of its Manhattan base to a tenant, in a rare case of a US firm cashing in on its real estate assets.
The 650-lawyer firm has sold one floor it owns at 125 Broad Street to The American Civil Liberties Union (ACLU), handing Sullivan a pay-off of approximately $10.9m (£5.7m).
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