HOUSTON - Cole Corporate Income Trust Inc. (CCIT) has acquired a three-story, 97,295-sf Class A office building located at 10451 Clay Rd. as part of a five property, $202.1 million deal.
The building was completed in 2013 for an estimated cost of $8 million, according to state filings, and is leased to TGS-NOPEC Geophysical Company as its headquarters for U.S. operations. The lease has approximately 11.9 years remaining, plus renewal options.
CCIT's real estate portfolio currently consists of 63 wholly owned properties located in 25 states, totaling approximately 11.6 million sf and with an aggregate purchase price of approximately $1.7 billion.
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