Equity Commonwealth (EQC) has agreed to sell its 709,402-square-foot office property in Denver, Colorado, for $132.5 million, the company said late Monday.
The company said it expects a net purchase price of $124.4 million from the sale of this last remaining property.
The sale is expected to complete later this month, subject to closing conditions, but the company cautioned no guarantees of the transaction closing.
Additionally, the company said it is reaffirming the previously-announced aggregate shareholder liquidating distribution range of $20 to $21 per common share, which includes an initial liquidating distribution of $19 per share paid on Dec. 6.
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