AOL Sold Pacific Corporate Park to CB Richard Ellis Realty Trust for $144.5 Million

AOL said that it has entered into an agreement for the sale of four office buildings it no longer utilizes and two undeveloped parcels of land on the East side of its Dulles campus to CB Richard Ellis Realty Trust for $144.5 million. As of Oct '29, pro forma for the sale AOL has approximately $750 million of cash on hand.