Siemens Extends Lease at Winthrop Realty Trust's 256,000 Square Foot Orlando, Florida Property
20 Febbraio 2007 - 2:00PM
PR Newswire (US)
BOSTON, Feb. 20 /PRNewswire-FirstCall/ -- Winthrop Realty Trust
(NYSE:FUR) has entered into a lease extension and modification
agreement with respect to its 256,000 square foot Orlando, Florida
office property, which is triple net leased to Siemens Real Estate,
Inc. The agreement extends the lease term into an effective eleven
year lease by extending the current four years remaining by an
additional seven years. As amended, the lease provides for a
current annual rent of $3,195,963.00 per year through December 31,
2007 with an annual increase of 2% each year thereafter. Winthrop
Realty Trust is a NYSE-listed real estate investment trust (REIT)
headquartered in Boston, Massachusetts. Additional information on
Winthrop Realty Trust is available on its Web site at
http://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 including the annual report on Form
10-K/A for the year ended December 31, 2005. Further information
relating to the Company's financial position, results of
operations, and investor information is contained in our annual and
quarterly reports filed with the SEC and available for download at
our website http://www.winthropreit.com/ or at the SEC website
http://www.sec.gov/. DATASOURCE: Winthrop Realty Trust CONTACT:
Beverly Bergman, +1-617-570-4614, for Winthrop Realty Trust Web
site: http://www.winthropreit.com/
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