RESTON, VA—Atlanta, GA-based Columbia Property Trust is targeting 14 assets for disposition during 2015 and one of these properties is 1881 Campus Commons Building in Reston, VA, which it acquired earlier this year in a $436 million portfolio deal, according to JayRickey.com.
The REIT acquired Campus Commons as part of the Spear Street portfolio trade in January, which also included 315 Park Avenue South Building in Manhattan, New York.
Other local assets it wants to sell include 1580 West Nursery Rd. in Baltimore, MD--a two-building Class-A office complex that serves as the corporate headquarters for the Electronics Systems Sector of Northrop Grumman; and 800 North Frederick in Gaithersburg, Md.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
