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Columbia Property Trust exits Houston marketColumbia Property Trust exits Houston markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155492017-01-10T06:00:00Z2017-01-10T17:00:00Z

​​HOUSTON – Columbia Property Trust Inc. has sold its entire local​ portfolio to a California investment firm for $272 million.

​​​San Francisco-based Spear Street Capital purchased the 1.2 million-sf, three-building office portfolio. The bundle includes:

  • ​5 Houston Center, 1401 McKinney St. Columbia had owned the 27-story, 581,000-sf office tower since 2005.
  • Energy Center I, 585 N. Dairy Ashford Rd. Columbia purchased the 332,000-sf building along I-10 in 2010.
  • 515 Post​ Oak Blvd. Columbia purchased the 12-story, 274,000-sf building in 2004 and renovated it in 2013.
Houston Chronicle
Houston-The Woodlands-Sugar Land
Office
http://www.chron.com/business/bizfeed/article/Property-trusts-exits-Houston-with-272-million-10844758.phpRead more at {Source}

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