COMPANY NEWS; ALEXANDER'S SALE OF WORLD TRADE CENTER LEASE

[Kristin Moore]

COMPANY NEWS
COMPANY NEWS; ALEXANDER'S SALE OF WORLD TRADE CENTER LEASE
Published: November 5, 1992

Alexander's Inc. has reached an agreement to sell its lease at the World Trade Center mall to the retailer Daffy Dan's for up to $6 million, an Alexander's lawyer told Federal Bankruptcy Judge Cornelius Blackshear yesterday. The store, the largest tenant there, is now closed. The Port Authority of New York and New Jersey, which runs the mall, had been pressing Alexander's to decide whether it wanted to assume or reject its lease. On Tuesday, the Caldor Corporation, a discount retailer, bid $92 million for six Alexander's properties, topping the $82 million that Bradlees Inc. had offered.


http://www.nytimes.com/1992/11/05/business/company-news-alexander-s-sale-of-world-trade-center-lease.html?ref=worldtradecenternyc