Equity Commonwealth Completes $216 Million of Dispositions

Equity Commonwealth 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 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.

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