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Office Properties Income Trust to sell 14 properties for $347M

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Office Properties Income Trust to sell 14 properties for $347M

Office Properties Income Trust, in reporting its second-quarter results, said it agreed to sell 14 properties encompassing approximately 2.4 million square feet of rentable space across various states for about $347.3 million.

The office real estate investment trust added that it sold a San Jose, Calif., property with 71,750 rentable square feet and a Nashua, N.H., property with 321,800 rentable square feet for $14.0 million and $25.0 million, respectively.

The company also sold a vacant land parcel totaling 416,956 rentable square feet in Kapolei, Hawaii, for $7.1 million.