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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): FEBRUARY 20, 1998
PRIME GROUP REALTY TRUST
(Exact name of Registrant as specified in its Charter)
MARYLAND 1-13589 36-4173047
(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
77 West Wacker Drive, Suite 3900, Chicago, Illinois 60601
(Address of principal executive offices) (Zip Code)
(312) 917-1300
(Registrant's telephone number, including area code)
N/A
(Former name or former address,
if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On February 20, 1998, the Company acquired the office property known as
Commerce Point Business Park ("Commerce Point"), which consists of two
four-story office buildings and one single story service/technology building,
containing a total of 236,642 square feet of rentable space (approximately
98% leased), located in Arlington Heights, Illinois. The property was
purchased from a third party for approximately $28.4 million.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements Under Rule 3-14 of Regulation S-X
The Company has determined that it is impractical at this time to file audited
financial statements of Commerce Point for the year ended December 31, 1996 and
unaudited financial statements for the nine months ended September 30, 1997, as
prescribed by Rule 3-14 of Regulation S-X. Such statements will be filed by
amendment as soon as practicable, but in any event not later than May 5, 1998.
(b) Pro Forma Financial Statements
The Company has determined that it is impractical at this time to file pro forma
financial statements for the Company as prescribed by Article 11 of Regulation
S-X. Such statements will be filed by amendment as soon as practicable, but in
any event not later than May 5, 1998.
(c) Exhibits
None.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PRIME GROUP REALTY TRUST
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Registrant
/s/ William M. Karnes
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William M. Karnes
Executive Vice President and
Chief Financial Officer
Date: March 6, 1998
