Reckson Associates Realty Corp., Melville, N.Y., has priced an offering of $150 million of 5.15% senior unsecured notes due Jan. 15, 2011.The notes were priced at 99.735 to yield 5.196%, a spread of 168 basis points above the seven-year Treasury rate, Reckson said. Citigroup and J.P. Morgan Securities were the joint bookrunners for the offering. The real estate investment trust, which specializes in office properties in the New York tri-state area, can be found on the Web at http://www.reckson.com.
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