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Chambers Street Properties to purchase up to $125M million of its common shares

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Princeton-based Chambers Street Properties announced Tuesday it has commenced an offer to purchase up to $125 million of its common shares from its shareholders.

Under the terms of the offer, Chambers Street intends to select the lowest price, not greater than $10.60 per share, nor less than $10.10 per share. The company said it will use borrowings under its existing unsecured revolving credit facility to purchase common shares in the offer, and to pay for all related fees and expenses.

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