Chambers Street Properties to Purchase up to $125M of Its Common Shares via Modified 'Dutch Auction' Tender Offer

Chambers Street Properties (“Chambers Street” or the “Company”) announced today that it has commenced a modified “Dutch Auction” Tender Offer to purchase up to $125 million in value of its Common Shares of Beneficial Ownership from its shareholders. Under the terms of the Tender Offer, the Company intends to select the lowest price, not greater than $10.60 per share nor less than $10.10 per Common Share, net to the tendering shareholder in cash, less any applicable withholding taxes and without interest, which would allow Chambers Street to purchase up to the full $125 million in value of its Common Shares, or a lower amount depending upon the number of Common Shares properly tendered and not withdrawn. Shareholders may tender all or a portion of