Net Lease Office Properties Announces Sales of Three Office Properties Totaling $132 Million
Primary |
Primary |
Location |
ABR |
Gross Sale |
Square |
NLOP |
|
Oil & Gas |
Stavanger, |
|
|
275,725 |
|
FedEx Corporation |
Air Freight & |
Collierville, |
|
|
390,380 |
X |
DMG MORI SEIKI |
Industrial |
Hoffman |
|
|
104,598 |
X |
Total |
|
|
|
|
770,703 |
|
X Indicates asset was included in the NLOP Financing Arrangements collateral pool at the time of sale |
Net proceeds after closing costs for the collateral pool assets, together with funds from other sources (including operating cash flow), were used to repay approximately
Separately, in April, NLOP disposed of two office properties encumbered by individual non-recourse mortgage loans through transfers to the lender, one of which was leased to
As of
1-212-492-1140
institutionalir@nloproperties.com
1-844-NLO REIT (656-7348)
ir@nloproperties.com
Press Contact:
1-212-492-1166
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