Equity Commonwealth Closes on $328M Sale of Centre Square East & West Towers

Equity Commonwealth (NYSE: EQC), a Chicago-based, self-managed public REIT, has closed on its previously announced sale of the Centre Square East and West Towers at 1500 Market St. in Philadelphia, PA. Nightingale Properties LLC, a New York-based landlord, has picked up the office properties for a gross sales price of $ 328 million, or about $ 186 per square foot. CBRE Capital Markets reports that at 1.76 million square feet, it is the largest…
National Commercial Real Estate News From CoStar Group

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