Research in Motion Ltd, maker of the BlackBerry and a Canadian company has recently announced the purchase of a 460,000 sqft office complex in Riverside Texas for their own use. This is a notable transaction not just because of the size of the property and that it is a Canadian company, but because it is a reverse of the recent trend of sale-lease back transactions. In this economy, companies with strong balance sheets might start looking for good deals to acquire their own office and manufacturing locations rather then the recent trend of selling real estate to get it off their balance sheet and make a quick profit and then leasing it back.
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