Equity Commonwealth Completes $216 Million of Dispositions
August 14 2017 - 6:55AM
Business Wire
Equity Commonwealth (NYSE:EQC) today announced that it has
completed the sale of six properties comprising 1.6 million square
feet, for a combined sales price of $216.1 million.
The company sold a five-property office and industrial portfolio
totaling 1.0 million square feet located in Maryland, Minnesota,
and Missouri, for a gross sale price of $84 million. These
properties were held for sale as of June 30, 2017.
The company sold a 640,000 square foot office property located
at 6600 North Military Trail in Boca Raton, Florida, for a gross
sale price of $132.1 million.
Year-to-date, the company has sold $755.7 million of assets,
comprising 13 properties and 5.1 million square feet.
About Equity Commonwealth
Equity Commonwealth (NYSE:EQC) is a Chicago based, internally
managed and self-advised real estate investment trust (REIT) with
commercial office properties throughout the United States. EQC’s
portfolio is comprised of 20 properties and 11.0 million square
feet.
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Equity CommonwealthSarah Byrnes, 312-646-2801
Equity Commonwealth (NYSE:EQC)
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