Equity Commonwealth Completes Sale of Tower 333
March 16 2020 - 6:59AM
Business Wire
Equity Commonwealth (NYSE: EQC) announced it completed the sale
of Tower 333, a 435,000 square foot, Class A office property in
Bellevue, WA, for a gross sale price of $401.5 million. Proceeds
after credits, primarily for contractual lease costs, and transfer
taxes were $316.7 million. The company’s cash balance immediately
following the sale was $3.4 billion.
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 in the United States. As of March 16,
2020, EQC’s portfolio comprised 5 properties and 1.7 million square
feet.
Regulation FD Disclosures
We use any of the following to comply with our disclosure
obligations under Regulation FD: press releases, SEC filings,
public conference calls, or our website. We routinely post
important information on our website at www.eqcre.com, including
information that may be deemed to be material. We encourage
investors and others interested in the company to monitor these
distribution channels for material disclosures.
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version on businesswire.com: https://www.businesswire.com/news/home/20200316005098/en/
Sarah Byrnes, Investor Relations (312) 646-2801
www.eqcre.com
Equity Commonwealth (NYSE:EQC)
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