City Office REIT, Inc. Acquires 494,000 square foot office complex in Raleigh, North Carolina
January 03, 2022 at 07:51 pm IST
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On December 31, 2021, City Office REIT, Inc. closed on the acquisition of an approximately 494,000 square foot office complex in Raleigh, North Carolina (Bloc 83). The seller was an unaffiliated third party. The gross purchase price was $330.0 million, exclusive of closing costs.
City Office REIT, Inc. is an internally managed real estate company. The Company is focused on acquiring, owning and operating office properties located predominantly in the Sun Belt markets. The Company owns about 24 properties comprised of 58 office buildings with a total of approximately 5.7 million square feet of net rentable area (NRA) in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa. The Company's properties include The Terraces, 2525 McKinnon, Block 23, Pima Center, Canyon Park, Mission City, AmberGlen, Cascade Station, Bloc 83, Greenwood Blvd, Central Fairwinds, Florida Research Park, Denver Tech, Circle Point, Superior Pointe, Carillon Point, Intellicenter, City Center, Park Tower, Papago Tech, The Quad, Camelback Square, 5090 N 40th St, and SanTan among others.
CITY OFFICE REIT, INC. 
