ATLANTA & DENVER--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has exited the Denver market with the sale of a vacant suburban office building located at 9127 South Jamaica Street in Englewood, Colorado, to Toastmasters International for $19.5 million in gross proceeds.
Toastmasters, a world leader in communication and leadership development, intends to relocate its world headquarters to the 106,575-square-foot building. Last month, Columbia also sold three adjacent buildings at the suburban campus that are fully leased to global engineering and construction firm CH2M to a separate buyer.
This sale is in line with Columbia’s previously announced plan to dispose of roughly $700 million to $1 billion of non-core assets in 2016.
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings in competitive, primarily CBD locations, and over half our investments are in high-barrier-to-entry, primary markets. Our $5 billion portfolio includes 23 office properties containing 11.2 million square feet and one hotel, concentrated in San Francisco, New York, and Washington, D.C. For more information about Columbia, which carries an investment-grade rating from both Moody’s and Standard & Poor’s, please visit columbia.reit.
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