Columbia Property Trust Completes Sale of Office Park in Suburban Los Angeles

original Columbia Property Trust has completed the sale of Pasadena Corporate Park, a three-building office complex in suburban Los Angeles, for $78 million. Photo credit: Charles LeNoir

Columbia Property Trust has completed the sale of Pasadena Corporate Park, a three-building office complex in suburban Los Angeles, for $78 million. Photo credit: Charles LeNoir

NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has completed the sale of Pasadena Corporate Park, a three-building office complex containing 260,000 square feet in Pasadena, California, for a gross sales price of $78 million.

In 2019, Columbia secured a 65-month renewal with environmental consulting and engineering firm Tetra Tech, one of the primary tenants at the complex, for 61,000 square feet.

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) creates value through owning, operating and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston. Columbia has been rated investment-grade by both Moody’s and S&P Global Ratings. For more information, please visit www.columbia.reit.

Contacts

Media Contact:
Bud Perrone
T 212 843 8068
E Ebperrone@rubenstein.com

Investor Relations Contact:
Matt Stover
T 404 465 2227
E IR@columbia.reit

Industry:

Columbia Property Trust, Inc.

NYSE:CXP

Release Summary

Columbia Property Trust has completed the sale of an office park in Pasadena, California, for $78 million.

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Contacts

Media Contact:
Bud Perrone
T 212 843 8068
E Ebperrone@rubenstein.com

Investor Relations Contact:
Matt Stover
T 404 465 2227
E IR@columbia.reit

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