The amount in dispute is around $8 million including interest and costs.
The incident was said to have resulted in damages to certain parts in the premises previously taken up by TSC.
ALOG says, in its statement on April 4, that it has begun discussions with its insurers and its legal counsel over the claim.
The claim is not expected to have a material impact on the REIT’s earnings.
See also: Prime US REIT signs new lease, raising occupancy at Maryland building to 85%
Units in ALOG closed at 84.5 cents on April 1.
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