Login

Duke/CBRE Trust JV Completes $516M Portfolio Acquisition

Partnership Secures $275M Loan to Speed Purchase of Remaining 2 Million SF of Office Space
By Laurie Forbes
April 12, 2011 | 3:22 P.M.

A partnership between Duke Realty Corp. and CB Richard Ellis Realty Trust finalized the purchase of 13 office buildings totaling 2.05 million square feet for approximately $342.8 million. The deal, which is the largest transaction in the REIT’s history, concluded a three-phase acquisition involving 20 office properties consisting of 3 million square feet valued at $516 million.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Duke/CBRE Trust JV Completes $516M Portfolio Acquisition