Business
Termination of Real Estate Contracts for Sales of the Oakbrook Apartments (248 Units) and the New Mark Apartments (374 Units)
Termination of Real Estate Contracts for Sales of the Oakbrook Apartments (248 Units) and the New Mark Apartments (374 Units).
About this update from Tower Properties Company
[{"type":"text","content":"On April 18, 2008, Tower Properties Company (\"Company\") entered into a real estate contract to sell the Oakbrook Apartments (248 units) at 400 N.E. 103rd Street in Kansas City, Missouri to Eliason 1031 Properties Corporation for a net sales price of 16,000,000. This contract was terminated by Eliason 1031 Properties Corporation without a penalty on May 7, 2008.On April 18, 2008, the Company entered into a real estate contract to sell the New Mark Apartments (374 units) at 10120 N.E. Chowning Street in Kansas City, Missouri to Eliason 1031 Properties Corporation for a net sales price of $20,075,000. This contract was terminated by Eliason 1031 Properties Corporation without a penalty on May 7, 2008.","length":722,"tagName":"div"}]