ATLANTA—Columbia Property Trust, formerly Wells REIT II, is marketing a portfolio of 17 class A office properties in 12 markets across 11 states. The office portfolio spans nearly 4 million square feet.

“Marketing this portfolio is another significant step in our strategy to support value growth for our shareholders,” says Nelson Mills, president, CEO and director for Columbia. “Divestiture of these properties will align with our strategy by enabling us to more selectively focus on our desired markets and to reinvest in other properties where we believe we have the best opportunity to use our expertise to enhance value.”

Here are the specs: The Columbia Property Trust Credit and Income Portfolio is free and clear of debt and offers a balanced rollover schedule. The portfolio is 91.4% occupied. The average remaining lease term is 7.4 years.

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