Completes Disposition of Atlanta-area Assets in Conjunction with Gateway Market Strategy

Columbia Property Trust, Inc. (NYSE: CXP) announced today that it has completed the sale of Lindbergh Center, a 1.1-million-square-foot, mixed-use property in Atlanta, for a gross sales price of $187 million.
Columbia acquired the twin 14-story office buildings that constitute the majority of the Lindbergh Center complex in 2008. These two buildings are fully leased to AT&T until December 31, 2020.
“We are pleased to have completed the sale of Lindbergh Center, in conjunction with our focus on gateway U.S. markets,” said Nelson Mills, CEO of Columbia. “Our portfolio today is among the best-positioned in the office sector, with 48 percent located in New York, 27 percent in San Francisco, and 15 percent in Washington, D.C. The benefits of our gateway market strategy are apparent, with our portfolio at 97 percent leased, generating strong financial performance, and with additional embedded growth still to be realized.”
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 over seven million rentable square feet, as well as one property under development. Columbia has investment-grade ratings from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.

