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 February 4, 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 JTL Properties, LLC for a sales price of $16,000,000. This contract was terminated by JTL Properties, LLC without penalty on March 26, 2008.\n\nOn February 4, 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 JTL Properties, LLC for a sales price of $20,000,000. This contract was terminated by JTL Properties, LLC without penalty on March 26, 2008. \n","length":649,"tagName":"div"}]