U.S. Markets closed

Winthrop Realty sells Deer Valley, Arizona, property for $20.5M

Winthrop Realty has sold its medical office building property located in Deer Valley, Arizona for a gross sales price of $20,500,000 and net proceeds, after costs and closing adjustments, of approximately $20M. The property was originally acquired through a foreclosure by Winthrop on a loan receivable acquired in June 2010 for an original purchase price of approximately $10,600,000.