CHICAGO—Continuing the culling process implemented by chairmanSam Zell, Equity Commonwealth said Monday afternoon it hadcompleted three more sales worth a combined $261 million. TheChicago-based REIT also completed a two-building portfolio salelast month on its home turf that was worth a combined $376 million,according to industry reports.

EQC did not identify the buyers in the three separate deals,which involved office properties in upstate New York, the UnitedHealthcare Center in Hartford, CT and One Franklin Plaza inPhiladelphia. Largest of the deals by square footage was the11-property portfolio in the Rochester, NY and Syracuse, NY metroareas, totaling two million square feet. It was 79.8% leased as ofJune 30, and traded for $104.6 million.

Real Capital Analytics says the United Healthcare property at185 Asylum Ct. in Hartford sold for $113.3 million to ParadigmCapital. The 885,000-square-foot property is currently 99%occupied; EQC's predecessor, CommonWealth REIT, paid $99 million toacquire it in March 2012, RCA data show.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.