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(Updates with company’s comment in third paragraph.)
Oct. 31 (Bloomberg) -- Bankrupt Lehman Brothers Holdings Inc. sold its stake in 10 Virginia buildings to Goldman Sachs Group Inc., according to a statement. The price wasn’t disclosed.
Monday Properties remains an owner and the operator of the 3 million square feet of building space in Rosslyn, Virginia, according to the statement.
Ashish Gupta, a senior vice president of Lehman’s real estate group, said in the statement that the company made a “strategic capital infusion” in the portfolio last year. That investment “vastly improved the liquidity of our ownership interest, and ultimately delivered a sizeable return to our creditors,” he said.
New York-based Lehman filed for bankruptcy in 2008 with $613 billion in debt.
The case is In re Lehman Brothers Holdings Inc., 08-13555, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
--Editors: Glenn Holdcraft, Michael Hytha
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