Winthrop Realty Trust Announces Lease for Retail Space at Its 701 Seventh Avenue/20 Times Square Property
July 19 2016 - 8:00AM
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.
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. With the exception
of the historical information contained in this news release, the
matters described herein contain “forward-looking” statements that
involve risk and uncertainties that may individually or
collectively impact the matters herein described. These are
detailed from time to time in the “Risk Factors” section of the
Company’s SEC reports. Further information relating to the
Company’s financial position, results of operations, and investor
information is contained in the Company’s annual and quarterly
reports filed with the SEC and available for download at its
website www.winthropreit.com or at the SEC website www.sec.gov.
Contact at Winthrop Realty Trust Carolyn
Tiffany Investor or Media Inquiries Phone: (617)
570-4614; e-mail: ctiffany@firstwinthrop.com
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