Medalist Diversified REIT Agrees to Sell Greenbrier Business Center for $11 Million

Reuters10-29
Medalist Diversified REIT Agrees to Sell Greenbrier Business Center for $11 Million

Medalist Diversified REIT, Inc. has entered into a Purchase and Sale Agreement through its subsidiary MDR Greenbrier, LLC to sell the Greenbrier Business Center, located at 1244 Executive Boulevard in Chesapeake, Virginia, to CLM Acquisitions, LLC for $11 million. The agreement includes customary provisions, representations, and conditions, with the purchaser required to make a $100,000 earnest money deposit within two business days. The transaction is expected to close within 60 days, subject to certain closing conditions.

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