UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) May 5, 2000
NOONEY REALTY TRUST, INC.
(Exact Name of Registrant as Specified in its Charter)
MISSOURI 00-13457 48-1339136
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1100 Main, Suite 2100, Kansas City, MO 64105
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (816) 421-4670
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5. Other Events.
On May 3, 2000, the Registrant entered into a letter of intent to sell
the Franklin Park Distribution Center ("Franklin Park"), a warehouse and
distribution facility located at 3431 N. Powell, Franklin Park, Illinois, a
suburb of Chicago, to an unrelated third party, Chicago Industrial Partners,
L.L.C. ("CIP"). The sale price is $4,525,000 payable in cash at the closing,
subject to any prorations. The Registrant must pay the real estate broker a
commission of five (5) percent of the total purchase price excluding any
prorations or offsets. Franklin Park is one of three properties that the
Registrant currently owns.
The letter of intent is non-binding and is subject to a sale contract
being fully signed by May 17, 2000. The letter of intent provides that the sale
contract will make the sale subject to certain conditions, including but not
limited to, CIP having a thirty (30) day due diligence period after the
execution of the sale contract pursuant to which CIP will have the right to
terminate the contract in its sole discretion without liability to the
Registrant, and the Registrant's delivery of satisfactory (a) title insurance
and a survey for the property and (b) subordination and attornment agreements
and estoppel letters from all tenants.
Although there can be no assurance that this transaction will
ultimately be consummated, the closing is tentatively scheduled to occur within
fifteen (15) business days after the end of the due diligence period.
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.
Nooney Realty Trust, Inc.
Date: May 5, 2000 By: /s/ David L. Johnson, Chairman
David L. Johnson, Chairman
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