Columbia Property Trust buying two New York REIT buildings for $500M

Columbia Property Trust is in contract to buy two Chelsea office buildings for a little more than $500 million from New York REIT as it liquidates its portfolio. Atlanta-based Columbia Property is in contract to buy 245 West 17th Street and 218-220 West 18th Street, Debtwire reported. New York REIT purchased the 12-story building on 17th Street in 2014 for $335 million. Twitter had been the property’s sole tenant, until it began subleasing space earlier […]

Source: Real Estate

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