Equity Commonwealth Completes Sales of Bridgepoint Square and 206 E. 9th Street
Equity Commonwealth (NYSE: EQC) has completed the sale of two office properties in Austin, Texas. The transaction includes Bridgepoint Square, a 440,000 square foot office property, and 206 E 9th Street, a 176,000 square foot office property. The combined sales price for both properties totaled $64.5 million.
Equity Commonwealth (NYSE: EQC) ha completato la vendita di due proprietà per uffici a Austin, Texas. La transazione include Bridgepoint Square, una proprietà per uffici di 440.000 piedi quadrati, e 206 E 9th Street, una proprietà per uffici di 176.000 piedi quadrati. Il prezzo totale di vendita per entrambe le proprietà è stato di $64,5 milioni.
Equity Commonwealth (NYSE: EQC) ha completado la venta de dos propiedades de oficinas en Austin, Texas. La transacción incluye Bridgepoint Square, una propiedad de oficinas de 440,000 pies cuadrados, y 206 E 9th Street, una propiedad de oficinas de 176,000 pies cuadrados. El precio de venta combinado de ambas propiedades fue de $64.5 millones.
Equity Commonwealth (NYSE: EQC)는 오스틴, 텍사스에 있는 두 개의 사무실 부동산 판매를 완료했습니다. 이번 거래에는 440,000 제곱피트의 사무실 부동산인 브릿지포인트 스퀘어와 176,000 제곱피트의 사무실 부동산인 206 E 9th Street가 포함됩니다. 두 부동산의 총 판매 가격은 $64.5백만 달러입니다.
Equity Commonwealth (NYSE: EQC) a terminé la vente de deux propriétés de bureaux à Austin, Texas. La transaction inclut Bridgepoint Square, une propriété de bureaux de 440 000 pieds carrés, et 206 E 9th Street, une propriété de bureaux de 176 000 pieds carrés. Le prix de vente total des deux propriétés s'élève à $64,5 millions.
Equity Commonwealth (NYSE: EQC) hat den Verkauf von zwei Büroimmobilien in Austin, Texas abgeschlossen. Die Transaktion umfasst Bridgepoint Square, eine Büroimmobilie mit 440.000 Quadratfuß, und 206 E 9th Street, eine Büroimmobilie mit 176.000 Quadratfuß. Der gesamte Verkaufspreis für beide Immobilien betrug $64,5 Millionen.
- Successfully completed property sales worth $64.5 million, strengthening cash position
- Strategic divestment of 616,000 square feet of office space
- Reduction in revenue-generating property portfolio
- Decreased total rentable square footage by 616,000 sq ft
Insights
The sale of these two Austin office properties totaling 616,000 square feet for
The timing of these sales is particularly relevant given the persistent headwinds in the office market, including higher interest rates and reduced office space demand. While the sale price might appear modest, executing transactions in the current office market environment demonstrates the company's ability to find buyers despite sector challenges.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is a
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Investor Contact
Bill Griffiths, (312) 646-2801
Source: Equity Commonwealth
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