Columbia Property Trust Completes Sale of Westinghouse Campus in Suburban Pittsburgh

1/20/20

NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has completed the sale of certain of its subsidiaries which own an office property in Cranberry Township, Pennsylvania, outside of Pittsburgh, for a gross sales price of $180 million.Columbia previously secured a 15-year renewal with Westinghouse Corporation to continue its lease for the full 824,000-square-foot complex as its world headquarters.

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) creates value through owning, operating and developing Class-A office buildings in high-barrier U.S. office markets, primarily New York, San Francisco, and Washington D.C. Columbia is deeply experienced in transactions, asset management and repositioning, leasing, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 17 properties that contain approximately seven million rentable square feet, as well as two properties under development. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings. For more information, please visit www.columbia.reit.

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