Service Properties Trust Completes the Sale of an Industrial Property for $51 Million
Service Properties Trust (Nasdaq: SVC) today announced that it has completed the sale of a 674,143 square foot property located at 555 Turnpike Street, Canton, MA for $51 million, excluding closing costs.
- Service Properties Trust (Nasdaq: SVC) today announced that it has completed the sale of a 674,143 square foot property located at 555 Turnpike Street, Canton, MA for $51 million, excluding closing costs.
- The proceeds from the sale will be used for the repayment of debt.
- Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries.
- A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.