Friday, January 20, 2012

Nike Gets Prime Athens Space for 43% Less Than Last Tenant

Nike Inc., the world’s largest sporting-goods company, agreed to rent prime retail space in the center of Athens for at least 43 percent less than the previous tenant, according to an adviser on the transaction.

Nike, named after the Greek goddess of victory, agreed to lease 775 square meters (8,300 square feet) from the state- controlled Greek civil servants pension fund, according to CBRE Atria, the CBRE Group Inc. unit that acted for Nike on the deal.


Bloomberg