Publications

Equity Commonwealth completes $216m of dispositions
Transactions - AUGUST 15, 2017

Equity Commonwealth completes $216m of dispositions

by Andrea Waitrovich

Equity Commonwealth, a Chicago-based publicly traded REIT, 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 million square feet located in Maryland, Minnesota and Missouri, for a gross sale price of $84 million.

The company also sold a 640,000-square-foot office property located at 6600 N. Military Trail in Boca Raton, Fla., 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.

Forgot your username or password?