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Equity Commonwealth Completes $216 Million of Dispositions

08/14/2017
Company Release - 8/14/2017 6:55 AM ET

CHICAGO--(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.

Equity Commonwealth
Sarah Byrnes, 312-646-2801

Source: Equity Commonwealth

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