Initially, it was reported that Radiant was going to pay the approximately $200 million with an additional $5 million funding the acquisition of a parking facility in a separate agreement. Now, First Union reports that it has signed a deal with New York-based Northeastern Security Development Corp. for a parking facility known as the Huntington Garage in Cleveland, OH. Northeastern will pay $21,250,000 for the garage and has already given a non-refundable deposit of $1 million. The deal is expected to close at the end of January.

According to First Union, Radiant had originally agreed to buy this property, apparently the one marked at $5 million. The sales contract has now been amended allowing First Union to sell to Northeastern, and Radiant will receive a credit toward its overall purchase of First Union in the amount of the net profits of the sale of the garage. If the garage deal is not completed before Radiant buys First Union, the profit will become a post-closing credit to Radiant.

First Union had reported originally that Radiant would assume responsibility for mortgages on particular properties. The total mortgage amount was listed at approximately $125 million at the time the sale was announced. This element of the deal remains unchanged.