Columbia Property Trust Completes Sale of Office Park in Suburban Los Angeles
NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. announced that it has completed the sale of Pasadena Corporate Park, a three-building office complex containing 260,000 square feet in Pasadena, California, for a gross sales price of $78 million. In 2019, Columbia secured a 65-month renewal with environmental consulting and engineering firm Tetra Tech, one of the primary tenants at the complex, for 61,000 square feet. Columbia Property Trust creates value through owning, operating and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston. Columbia has been rated investment-grade by both Moody’s and S&P Global Ratings.