Saturday, September 13, 2003

Cendant Completes $25 Sale Leaseback in CA

Inman News September 10, 2003
Coldwell Banker Commercial-North County Properties has sold the 133,726-square-foot Cendant Corporate Center in Mission Viejo, Orange County, Calif. The value of the transaction was $25 million. Cendant Corporate Center is comprised of two four-story office buildings on seven acres. Olen Properties was the buyer. Cendant Corp. is a real estate brokerage franchiser, hotel franchisor, vacation home ownership and car rental operator, in addition to being the parent company of Coldwell Banker. Six separate business units within Cendant have leased back approximately 75 percent of the two buildings, including Coldwell Banker Residential NRT, Century 21 Real Estate, Cendant Mobility, Hotel Franchise sales, RCI and Settlement Services. Sphere: Related Content

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