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SIR > SEC Filings for SIR > Form 8-K on 7-Apr-2014All Recent SEC Filings

Show all filings for SELECT INCOME REIT

Form 8-K for SELECT INCOME REIT


7-Apr-2014

Entry into a Material Definitive Agreement, Completion of Acquisition or Dispo


Item 1.01 Entry into a Material Definitive Agreement

On April 1, 2014, the Company entered into a purchase agreement to acquire, and did acquire on such date, a five-story office property located at 1415 West Diehl Road, Naperville, Illinois with approximately 820,000 square feet for a purchase price of approximately $187.5 million, excluding closing costs. The seller was Tellabs Operations, Inc. This purchase was funded using cash on hand and borrowings under the Company's revolving credit facility. Simultaneously with the closing of the acquisition, the Company leased the property to Tellabs, Inc., an affiliate of the seller, for use as its corporate headquarters, for an initial term of 15 years. The lease may be renewed by the tenant for four renewal periods of five years each.

The description of the purchase agreement is not complete and is subject to and qualified in its entirety by reference to the purchase agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference.



Item 2.01. Completion of Acquisition or Disposition of Assets.

Reference is hereby made to the information in Item 1.01 Entry into a Material Definitive Agreement, which is incorporated into this Item 2.01 by reference.



Item 7.01. Regulation FD Disclosure.

On April 7, 2014, the Company issued a press release announcing the acquisition described in Item 1.01 above. A copy of that press release is furnished as Exhibit 99.1 to this Current Report.



Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

No financial statements are being filed with this report. All required financial statements in connection with the acquisition described in Item 2.01 will be filed by amendment pursuant to Item 9.01(a)(4) within 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information.

No pro forma financial information is being filed with this report. All required pro forma financial information in connection with the acquisition described in Item 2.01 will be filed by amendment pursuant to Item 9.01(b)(2) within 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.

(d) Exhibit.

2.1 Agreement of Purchase and Sale by and between Tellabs Operations, Inc., as Seller, and Select Income REIT, as Buyer, dated April 1, 2014.

99.1 Press Release dated April 7, 2014.


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