Equity Commonwealth: Equity Commonwealth Agrees to Sell 709,402 SF Office Property in Denver for $132.5M

DENVER - Equity Commonwealth (NYSE: EQC) is under contract to sell 1225 Seventeenth Street, an office property in Denver, for a gross sales price of $132.5 million. The 709,402-square-foot property is Equity Commonwealth's last remaining property. The net purchase price is expected to be approximately $124.4 million after credits primarily for contractual lease costs. The undisclosed buyer has completed due diligence, and the earnest money deposit is non-refundable. The sale is scheduled to close later this month. The transaction is subject to customary closing conditions, and there is no assurance that the transaction will close. The post Equity Commonwealth Agrees to Sell 709,402 SF Office Property in Denver for $132.5M appeared first on REBusinessOnline.