City office reit announces phoenix acquisition

Vancouver, dec. 7, 2021 /prnewswire/ -- city office reit, inc. (nyse: cio) ("city office" or the "company") announced today that it has closed the acquisition of block 23, a premier office building in downtown phoenix, arizona, for a gross purchase price of $150.0 million, exclusive of closing costs. the 307,000 square foot property is an exceptional asset with strong tenancy.
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