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July 19, 2005

By Michelle Napoli

The sale-leaseback structure appears to continue building momentum and is attracting diverse capital. In Greenwich, CT, a partnership of Houston-based Hines, the Willett Cos. of Rye, NY and Warren Private Clients of Dublin paid $87.5 million for an office building that will continue to be occupied solely by Unilever under a triple-net lease. This deal is but one in a wave of recent sale-leasebacks.

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