Equity Commonwealth Under Contract to Sell 111 River Street
26 Abril 2016 - 5:26PM
Business Wire
Equity Commonwealth (NYSE: EQC) today announced that it is under
contract to sell its leasehold interest in 111 River Street in
Hoboken, NJ. The gross sale price for the 566,215 square foot
property is $235 million.
The transaction is subject to consents required under the ground
lease and customary closing conditions. There is no certainty that
these conditions will be met or that this transaction will
close.
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. As of
February 17, 2016, EQC’s same-property portfolio comprised 64
properties and 23.5 million square feet.
FORWARD-LOOKING STATEMENTS
Some of the statements contained in this press release
constitute forward-looking statements within the meaning of the
federal securities laws, including, but not limited to, statements
regarding marketing the company’s properties for sale, de-levering
the balance sheet, consummating asset sales, and identifying future
investment opportunities. Any forward-looking statements contained
in this press release are intended to be made pursuant to the safe
harbor provisions of Section 21E of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events
or trends and which do not relate solely to historical matters. You
can also identify forward-looking statements by discussions of
strategy, plans or intentions.
The forward-looking statements contained in this press release
reflect the company’s current views about future events and are
subject to numerous known and unknown risks, uncertainties,
assumptions and changes in circumstances that may cause the
company’s actual results to differ significantly from those
expressed in any forward-looking statement. We do not guarantee
that the transactions and events described will happen as described
(or that they will happen at all).
While forward-looking statements reflect the company’s good
faith beliefs, they are not guarantees of future performance. We
disclaim any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause the company’s future results to
differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in the company’s most recent Annual
Report on Form 10-K and in the company’s Quarterly Reports on Form
10-Q for subsequent quarters.
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version on businesswire.com: http://www.businesswire.com/news/home/20160426006868/en/
Equity CommonwealthSarah Byrnes, Investor Relations(312)
646-2801www.eqcre.com
Equity Commonwealth (NYSE:EQC)
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