The Stamford Advocate - January 15, 2004
Last month, Xerox closed on the purchase of the 255,000-square-foot world headquarters building that it has occupied at 800 Long Ridge Road since 1978. Xerox, which owns the 25 acres the building is on, sold the structure to Stamfex Associates LP of New York City in 1984 and leased it back under a 20 year lease. Xerox believes buying the headquarters building has more financial benefits right now than leasing. Xerox established a wholly owned subsidiary called STHQ Realty LLC, which purchased the property and is financing the acquisition.
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Friday, January 23, 2004
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