TIER REIT Announces Sale of Centreport
February 22 2018 - 4:30PM
Business Wire
TIER REIT, Inc. (NYSE: TIER) announced today that it has
completed the sale of Centreport Office Center for approximately
$12.7 million. Centreport Office Center is located in Fort Worth,
Texas, and comprised of two single-story office buildings totaling
approximately 133,000 square feet. The sale is the second of three
properties previously announced as under contract to be sold,
following the announced sale of 500 East Pratt, in Baltimore,
Maryland, on February 13, 2018. The third property, Loop Central,
in Houston, Texas, remains under contract and is expected to close
in the first quarter of 2018.
About TIER REIT, Inc.
TIER REIT, Inc. is a publicly traded (NYSE:TIER), self-managed,
Dallas-based real estate investment trust focused on owning
quality, well-managed commercial office properties in dynamic
markets throughout the U.S. TIER REIT’s vision is to be the premier
owner and operator of best-in-class office properties in TIER1
submarkets, which are primarily higher density and amenity-rich
locations within select, high-growth metropolitan areas that offer
a walkable experience to various amenities. Our mission is to
provide unparalleled, TIER ONE Property Services to our tenants and
outsized total return through stock price appreciation and dividend
growth to our stockholders.
For additional information regarding TIER REIT, please visit
www.tierreit.com or call 972.483.2400.
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version on businesswire.com: http://www.businesswire.com/news/home/20180222006510/en/
TIER REIT, Inc.Scott McLaughlin, 972-483-2465smclaughlin@tierreit.com
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