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Stock impact report

Peakstone Realty Trust Completes Sale of Two Properties for $84.5 Million

Peakstone Realty Trust Common Shares (PKST) 
Company Research Source: Business Wire
Continued Progress Toward Industrial Transformation EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the “Company”) (NYSE: PKST), a real estate investment trust that is focused on owning and operating industrial assets, with a strategic emphasis on industrial outdoor storage, today announced the sale of a two-property office and R&D campus located in Burlington, Massachusetts. The properties, which total approximately 431,000 square feet, were sold for $84.5 million, or $196 per square foot.About Peakstone Realty TrustPeakstone Realty Trust (NYSE: PKST) is executing a strategic transition to an industrial-only real estate investment trust, targeting growth in the industrial outdoor storage (“IOS”) sector. As part of this strategy, PKST is actively reshaping its portfolio to drive value creation.Additional information is available at www.pkst.com.Cautionary Statement Regarding Forward-Looking StatementsThis document contains forward-looking statements within the meaning Show less Read more
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