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CHICAGO, IL – Office Properties Income Trust has completed two separate acquisitions of two class A office properties for a total purchase price of $550 million.

For the first of the two acquisitions, the firm purchased the 531,190-square-foot office asset, known as 1K Fulton in Chicago, IL for $355 million, excluding closing costs. The sales price reflects a current GAAP cap rate of 4.7% at closing.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.

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