Dec
13
Finally, Columbia Property Trust Sells Reston Asset
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RESTON, VA—Atlanta-based Columbia Property Trust has finally sold 1881 Campus Commonsfor gross proceeds of $65 million after it sat on the market for ten months.
The sale of the property is part of the REIT’s move to transition to a portfolio consisting of high-barrier, CBD assets. In a prepared statement, CEO Nelson Mills said the pricing it is getting for the building, which is now 91% occupied, “is in line with what we anticipated.”…
