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 January 31, 2000
----------------
COMMERCIAL PROPERTIES 3, L.P.
-----------------------------
(Exact name of registrant as specified in its charter)
Virginia 0-13341 11-2680561
-------- ------- ----------
State or other jurisdiction Commission IRS Employer
of incorporation File Number Identification No.
3 World Financial Center, 29th Floor
New York, NY Attn.: Andre Anderson 10285
- --------------------------------------- -----
Address of principal executive offices Zip Code
Registrant's telephone number, including area code (212) 526-3183
--------------
<PAGE>
2
COMMERCIAL PROPERTIES 3 L.P.
Item 2. Disposition of Assets
On January 31, 2000, Commercial Properties 3, L.P., a Virginia limited
partnership (the "Partnership"), sold Three Financial Centre (the "Property") to
an affiliate of the joint venture partner, Three Financial Centre LLC (the
"Buyer"), for a selling price of approximately $10,343,965, net of closing
adjustments and selling costs. The selection of the Buyer was the result of a
competitive bidding process organized by the real estate broker engaged to
assist in selling the Property.
As a result of the sale, the General Partners intend to distribute the net
proceeds therefrom (after payment of or provision for the Partnership's
liabilities and expenses, and establishment of a reserve for contingencies, if
any) and dissolve the Partnership in 2000.
<PAGE>
3
COMMERCIAL PROPERTIES 3 L.P.
SIGNATURES
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, hereunto duly authorized.
COMMERCIAL PROPERTIES 3, L.P.
BY: REAL ESTATE SERVICES VII, INC.
A General Partner
Date: February 14, 2000 BY: /s/Michael T. Marron
-------------------------------------
Name: Michael T. Marron
Title: President and Chief Financial Officer
