On June 8, 2011, Tower Properties Company completed the sale of the surface parking lot at 8th and Wyandotte Streets located in downtown Kansas City, Missouri to Lucas Place Lofts, LLC pursuant to the Real Estate Contract entered into on March 12, 2010, as reported on a news release to OTC Markets on March 16, 2010. The sale price was $1,950,000 and after the payment of the associated debt and other closing expenses, $455,733.45 was paid in cash to an intermediary that may be utilized in connection with a Sec. 1031 like-kind exchange.
Completion of Sale of Asset
Tower Properties Company on 6ix
Earlier from Tower Properties
- Real Estate Contract for Purchase of an Apartment Complex and Contracts for Purchase of 100 Percent Membership Interests in Three LLC'S
- Termination of Real Estate Contract for Purchase of West Park II Office Building
- Real Estate Contract For Purchase of West Park II Office Building
- Real Estate Contract for Sale of Surface Parking Lot at 8th & Wyandotte Streets
- Purchase of Treasury Stock
Later from Tower Properties
- Completed Purchase of an Apartment Complex, Completed Purchase of 100 Percent Membership Interests in Three LLC'S and related Debt Financing
- Debt Financing Modification
- Declaration of dividend
- Real Estate Contract For Purchase of a 263 Unit Apartment Complex
- Real Estate Contract for Sale of Five Surface Parking Lots
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