Benzinga Staff Writer
November 21, 2011 8:38 AM
Gabelli & Company writes about Fisher Communications (NASDAQ: FSCI), ?On November 17, 2011, Fisher announced that it had agreed to sell Fisher Plaza to Hines Global REIT, Inc. for $160 million in cash. The transaction is expected to close by yearend. Fisher will continue to occupy about 40% of the building under a twelve-year lease (plus renewal options), at an estimated $4 million annually.?
FSCI closed Friday at $29.01.
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