CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) announced today it completed the sale of 1735 Market Street, a 1.3 million square foot office property, in Philadelphia, Pennsylvania, for a gross sale price of $451.6 million. Proceeds after credits for capital costs, contractual lease costs, and rent abatements were $435.4 million.

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. As of March 27, 2019, EQC’s portfolio comprised 9 properties and 3.8 million square feet.