Prime Group Realty Trust, a troubled real estate investment trust based in Chicago, has announced the termination of discussions with Northland Capital Partners LP and its affiliates about a recapitalization proposal.The office and industrial REIT said its board of directors had decided to pursue other options, including a sale or merger. Prime Group owns 15 office properties containing 7.8 million square feet of net rentable space and 30 industrial properties with 3.9 million square feet of net rentable space. The company can be found on the Web at http://www.pgrt.com.
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