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Winthrop Realty Trust Announces Lease for Retail Space

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Enterprising Investor Member Level  Tuesday, 07/19/16 09:59:05 AM
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Winthrop Realty Trust Announces Lease for Retail Space at Its 701 Seventh Avenue/20 Times Square Property (7/19/16)

BOSTON, July 19, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) (“Winthrop”) announced today that its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square area of Manhattan, New York has entered into a lease with The Hershey Company for retail space of approximately 6,940 square feet of space on the ground floor and approximately 3,100 square feet of the external signage. Rent and other financial terms of the lease are consistent with those utilized to determine Winthrop’s most recent liquidation value for the asset. Hershey will join the Cirque du Soleil/NFL Experience at the project.

About Winthrop Realty Trust

Winthrop, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT). Winthrop’s shareholders have adopted a plan of liquidation pursuant to which Winthrop is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our web-site at www.winthropreit.com.

http://globenewswire.com/news-release/2016/07/19/857072/0/en/Winthrop-Realty-Trust-Announces-Lease-for-Retail-Space-at-Its-701-Seventh-Avenue-20-Times-Square-Property.html

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