Equity Commonwealth Has Closed On The Sale Of Its Last Remaining Property, 1225 Seventeenth Street, A 709,402 Square Foot Office Property In Denver, Colorado, For A Gross Sale Price Of $132.5M

Author: Benzinga Newsdesk | February 27, 2025 07:48am

The net purchase price was approximately $124.4 million after credits primarily for contractual lease costs. With this sale of its last remaining property, the Company is also updating the estimated aggregate shareholder liquidating distribution range from an estimated aggregate shareholder liquidating distribution range of $20.00 to $21.00 per common share previously announced on November 15, 2024, to an estimated aggregate shareholder liquidating distribution range of $20.55 to $20.70 per common share, inclusive of the initial liquidating distribution of $19.00 per common share paid by the Company on December 6, 2024. 

Posted In: EQC