This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Winthrop Realty Trust Enters Into Leases For Its Jacksonville, Florida, Andover, Massachusetts And South Burlington, Vermont Properties

BOSTON, Jan. 19 /PRNewswire-FirstCall/ -- Winthrop Realty Trust (NYSE: FUR) announced that it has entered into a new lease to rent 521,433 square feet of warehouse space and 31,718 square feet of office space representing approximately 95% of the rentable square feet at its Jacksonville, Florida property, the result of which is the that the property is now 100% leased.  In addition, Winthrop has entered into a new lease to rent all 93,000 square feet of its Andover, Massachusetts property and a renewal lease for all 56,000 square feet of its South Burlington, Vermont property, both of which had leases terms that expired on December 31, 2009.

The space at the Jacksonville, Florida property was leased to Football Fanatics, Inc., a sports apparel and merchandise company, for an initial term of 66 months, with three, three-year renewal options.  Net rent payable under the lease commences in August 2010 at a rate of $1.17 per square foot, increasing to $1.21 per square foot from August 2011 through July 2012 and thereafter by approximately 16% per year for the balance of the initial term.

The Andover, Massachusetts property was leased to PAETEC Communications Inc., a subsidiary PAETEC Holding Corp., for an initial term of twelve and one-half years, with three, five-year renewal options.  Net rent payable under the lease commences after the first six months of the lease term at an initial rent of $8.00 per square foot, increasing to $10.45 for the second and third year of the term, and thereafter by 3% every second year.  

With respect to the South Burlington, Vermont property, the lease with Fairpoint Communications, Inc. is a renewal of the current lease but with modifications to provide for a current term of five years, with three, five-year renewal options and at an initial gross rent of $14.29 per square foot.  

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
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FUR $12.68 -0.63%
AAPL $95.04 1.50%
FB $117.96 -0.51%
GOOG $695.37 -0.41%
TSLA $236.13 -2.30%


Chart of I:DJI
DOW 17,741.68 -149.48 -0.84%
S&P 500 2,061.50 -19.93 -0.96%
NASDAQ 4,767.6290 -49.9650 -1.04%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs