AFR in contract to sell MA tower.BOSTON, MA: American Financial Realty Trust has entered into a definitive contract for the sale of the State Street Financial Center, a Class "A+" office building in Boston, Massachusetts, for a sale price in excess of $880 million, before defeasance and other settlement costs. The purchaser is a Northeast-based private real estate investment group. AFR AFR African AFR Australian Financial Review AFR Afrikaans (South African language) AFR Air France (ICAO code) AFR Alternate Frame Rendering AFR Applicable Federal Rate owns a 70% interest in the property through a joint venture with an affiliate of IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. US Income REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ("IPC"). The sale of the property is subject to a right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. in favor of IPC. The parties anticipate closing on the transaction late in 2006 or in the first quarter of 2007. Eastdil Secured represented AFR in this transaction. |
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