City office reit announces raleigh acquisition

Vancouver, dec. 31, 2021 /prnewswire/ -- city office reit, inc. (nyse: cio) ("city office" or the "company") announced today that it has closed the acquisition of bloc 83, a premier two-building office complex located in raleigh, north carolina, for a gross purchase price of $330.0 million exclusive of closing costs. the 494,000 square foot, newly built class a complex possesses a prime location, market-leading features and strong tenancy.
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