ATLANTA--(BUSINESS WIRE)--
Columbia Property Trust, Inc. (NYSE: CXP) recently completed a
long-term, 370,485-square-foot lease renewal with CH2M that will keep
the global engineering and construction firm at the South Jamaica Street
campus in suburban Denver that serves as its headquarters through
September 2032.
CH2M has leased the 478,000-square-foot, Class-A complex, located in
Denver’s Southeast Business Corridor, since Columbia Property Trust
purchased the property in 2007. As part of the lease renewal, CH2M will
continue to occupy three of the four office buildings at the campus,
which was constructed as a build-to-suit for CH2M between 2002 and 2007.
“This long-term agreement creates a substantial increase in the value of
this quality asset and is a testament to the solid relationships we
maintain with our tenants and our ability to find solutions that meet
their long-term business needs,” noted Nelson Mills, President and CEO
of Columbia Property Trust. “We are very pleased that CH2M has
recommitted to the South Jamaica Street campus and are also excited
about the opportunity to lease the remaining building in this strong
market.”
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office
buildings in competitive, primarily CBD locations, and over half our
investments are in high-barrier-to-entry, primary markets. As of
September 30, 2015, our $5+ billion portfolio included 28 office
properties containing 13.9 million square feet and one hotel,
concentrated in San Francisco, New York, and Washington, D.C. For more
information about Columbia, which carries an investment-grade rating
from both Moody’s and Standard & Poor’s, please visit www.columbiapropertytrust.com.
Forward-Looking Statements:
Certain statements contained in this press release other than
historical facts may be considered forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. We intend for all such
forward-looking statements to be covered by the applicable safe harbor
provisions for forward-looking statements contained in those acts. Such
statements include, in particular, statements about our plans,
strategies, and prospects and are subject to certain risks and
uncertainties, including known and unknown risks, which could cause
actual results to differ materially from those projected or anticipated.
Therefore, such statements are not intended to be a guarantee of our
performance in future periods. Such forward-looking statements can
generally be identified by our use of forward-looking terminology such
as "may," "will," "expect," "intend," "anticipate," "estimate,"
"believe," "continue," or other similar words. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. We make no representations or
warranties (express or implied) about the accuracy of any such
forward-looking statements contained in this press release, and we do
not intend to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
Any such forward-looking statements are subject to risks,
uncertainties, and other factors and are based on a number of
assumptions involving judgments with respect to, among other things,
future economic, competitive, and market conditions, all of which are
difficult or impossible to predict accurately. To the extent that our
assumptions differ from actual conditions, our ability to accurately
anticipate results expressed in such forward-looking statements,
including our ability to generate positive cash flow from operations,
make distributions to stockholders, and maintain the value of our real
estate properties, may be significantly hindered. See Item 1A in the
Company's most recently filed Annual Report on Form 10-K for the year
ended December 31, 2014, for a discussion of some of the risks and
uncertainties that could cause actual results to differ materially from
those presented in our forward-looking statements. The risk factors
described in our Annual Report are not the only ones we face, but do
represent those risks and uncertainties that we believe are material to
us. Additional risks and uncertainties not currently known to us or that
we currently deem immaterial may also harm our business.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151029006523/en/
for Columbia Property Trust, Inc.
Tripp Sullivan, 615-760-1104
IR@columbiapropertytrust.com
or
Jim
Fleming, 404-465-2200
Source: Columbia Property Trust, Inc.