First USA / Bank One

Lease and Sale of Minority Interest

SASCO represented Comerica Bank in the lease to First USA/Bank One of 300,000 square feet of a portion of the 50-story Thanksgiving Tower in Dallas, Texas. SASCO then represented the landlord in its sale of its minority interest in the building.

Due to the minority ownership position and the complex condominium structure of this property, this transaction required highly sensitive negotiations and dealings with multiple parties, including the investment arm of the government of Singapore.

“SASCO and its principals are always a step ahead – they can figure out the best strategy on any deal, no matter how complex. If you want a competitive advantage – you want SASCO on your side.”

Joe R. Goyne – Chairman and Chief Executive Officer, Pegasus Bank