Thursday, January 10, 2008

Trying to Move Some New York Property

Now that NASCAR has been dissed in the NY market, they've got land they need to sell and are not having a lot of luck doing it.  At least in the end of November, they were having a typical real estate market day as NASCAR had to terminate an agreement to sell its property on Staten Island.

ISC agreed to sell the 676-acre Staten Island property on Oct. 19 to ProLogis, a Maryland real estate investment trust, for $100 million. ProLogis terminated the agreement on Tuesday, ISC said, before the "expiration of the due diligence inspection period."

There's just a few more details over at SceneDaily

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