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Columbia Property Trust Exits Houston Via $272 Million Portfolio Sale to Spear Street Capital

Atlanta REIT to Use Proceeds from Sale of 5 Houston Center, Energy Center I and 515 Post Oak Blvd. to Reinvest in Target Markets
By Bryce Meyers
CoStar News
January 9, 2017 | 2:32 P.M.

Columbia Property Trust (NYSE: CXP) has bowed out of the Houston market following the Atlanta-based real estate investment trust's sale of a 1.2 million-square-foot portfolio to Spear Street Capital out of San Francisco for $272 million, or approximately $229 per square foot.

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