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Equity Commonwealth completes $216M multi-state asset sale

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Equity Commonwealth completes $216M multi-state asset sale

Equity Commonwealth closed a six-asset, multi-state sale for a combined sum of $216.1 million.

The company sold a five-property office and industrial portfolio spanning 1.0 million square feet for a gross price of $84 million. The properties, in Maryland, Minnesota and Missouri, were held for sale as of June 30.

Meanwhile, a 640,000-square-foot office property at 6600 North Military Trail in Boca Raton, Fla., fetched $132.1 million.

The transactions bring the company's sold assets to $755.7 million year-to-date, covering 13 properties across 5.1 million square feet.