01/28/2020

The RMR Group Announces Execution of 30,395 Square Feet of New and Renewal Leases in 2019 at Greenbrier Towers in Chesapeake, VA

NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq: RMR) today announced that eleven tenants have signed new and renewal leases for an aggregate 30,395 square feet in 2019 at Greenbrier Towers in Chesapeake, Virginia.

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Greenbrier Towers I and II are six-story Class A office buildings totaling 170,929 square feet, with amenities including a five-story atrium, new conference rooms and exterior courtyard. The property is in close proximity to several dining, hotel and retail options in the Greenbrier office submarket of Chesapeake. Additionally, Greenbrier Towers offers easy access and visibility from Interstate 64 and is only 12 miles from Norfolk International Airport.

The property is owned by Office Properties Income Trust (Nasdaq: OPI) and managed by The RMR Group. The RMR Group is responsible for providing all aspects of management services and strategy for more than 1,400 properties with over 97 million square feet of commercial office, industrial, medical office, life science and retail space.

OPI was represented by Chris Kieran and Ricky Anderson of Colliers International. Tenants were represented by Christine Kaempfe of Thalhimer and Gerry Keller of Pembroke Commercial.

About The RMR Group Inc.

The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of September 30, 2019, The RMR Group LLC had $32.8 billion of total assets under management, including more than 2,200 properties, and employed nearly 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had nearly 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics like government entities. OPI is managed by the operating subsidiary of The RMR Group Inc.

Christopher Ranjitkar
Senior Director, Marketing & Corporate Communications
(617) 219-1473

Source: The RMR Group Inc.

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