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Equity Commonwealth Under Contract to Sell 111 River Street

CHICAGO, Apr 26, 2016 (BUSINESS WIRE) -- Equity Commonwealth EQC, -2.04% today announced that it is under contract to sell its leasehold interest in 111 River Street in Hoboken, NJ. The gross sale price for the 566,215 square foot property is $235 million.

The transaction is subject to consents required under the ground lease and customary closing conditions. There is no certainty that these conditions will be met or that this transaction will close.

About Equity Commonwealth

Equity Commonwealth EQC, -2.04% is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties throughout the United States. As of February 17, 2016, EQC’s same-property portfolio comprised 64 properties and 23.5 million square feet.


Some of the statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding marketing the company’s properties...