American Spectrum Realty, Inc. AQQ (“the Company”), a real estate
investment, management and leasing company headquartered in Houston, Texas,
announced today that it has completed the sale of Beltway Industrial Park,
which closed on October 4, 2012.
The Company expects to recognize a gain of approximately $5.5 million before
income tax expense. The Company originally acquired the 23 building industrial
park in 2007. Located in Northwest Houston off of Beltway 8 and West Little
York, the 389,000 square foot property consisted of office/warehouse space
primarily used by light industrial tenants.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsAsset Sales
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in