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By Jonathan Dalton (registered) | Posted December 12, 2013 at 19:16:39
This seems like a Wilson-Blanchard consolidation strategy. Since they own and manage so much office property, they can end leases knowing the tenants aren't going far. This way they cut down on vacancies and tax expenses without losing much if any rental income. It's a sound business decision, but a less destructive way to divest oneself of surplus property is to sell it.
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