inthrop Realty Trust Announces Sale of Its Amherst, New York Property
BOSTON, June 26, 2014 (GLOBE NEWSWIRE) -- Winthrop Realty Trust FUR
("Winthrop") announced today that it has sold to an unaffiliated third party
its office building property located in Amherst, New York which is leased to
Ingram Micro for a gross sales price of $24,500,000. Winthrop will realize
net proceeds, after costs and closing adjustments and the expected release
of amounts escrowed in connection with the sale, of approximately
$23,700,000. The net asset value range for this property at March 31, 2014,
the most recent net asset value provided by Winthrop, was $23,252,000 -
$24,027,000.
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