News
Columbia Property Trust Selling One MacArthur Ridge, 4300 Centreway Place
May 16, 2013
CBRE's Will Yowell and his Atlanta-based team have been tapped by Columbia Property Trust--formerly known as Wells REIT II--to sell 17 of its more than 80 real estate holdings. The portfolio includes the 253k SF One MacArthur Ridge in Irving (above), where CHRISTUS Health inked a 210k SF HQ deal last year; and the 139k SF 4300 Centreway Place in Dallas, which counts Aetna as itsmajor tenant. Columbia officialswhose firm changed its name and split from Wells' leadership last yeartout these as Class-A, stabilized properties. Columbia CEO Nelson Mills states in an email that selling them will allow the firm to focus on its desired markets and reinvest in other properties to enhance their values.
