Six office buildings and one industrial property in the Seattle suburbs also were shed by the largest US office REIT, as were four buildings in the Los Angeles submarket of Ontario and Riverside.
While getting $133 per sf in the flurry of December and January deals, Equity Office Properties Trust says strong buyer demand made the timing right. "We have capitalized on strong market conditions for asset sales to further cull our portfolio of non-core assets," says chief investment officer David Helfand in a statement. "We will continue to focus on disposition opportunities that allow us to recycle capital into core markets."
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