Columbia Property Trust Brings Iconic Washington D.C. Office Property, Market Square, to 90 Percent Leased at Attractive Rates
Columbia Property Trust, Inc. (CXP)
Last columbia property trust, inc. earnings: 4/30 04:07 pm
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Source: Business Wire
Tenant roster at the revitalized 701 and 801 Pennsylvania Avenue now includes 33 FORTUNE 500 companies WASHINGTON--(BUSINESS WIRE)-- Columbia Property Trust, Inc. (NYSE: CXP) announced today that it has brought Market Square, its 696,000-square-foot trophy office property in Washington, D.C., to 90 percent leased. Columbia has leased more than 350,000 square feet at the property since the start of 2015 through a combination of strategic property enhancements and targeted marketing to the legislative arms of major corporations. As a result of this strategy, Columbia has also increased rental rates by an average of approximately 20 percent during that period and transformed the tenancy, with FORTUNE 500 companies now comprising a full half of the 65 tenants on the rent roll. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190213005156/en/ Columbi
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