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WP Carey Inc's CPA(R):17 - Global Announces Acquisition of Houston CBD Office Tower


Tuesday, 20 Nov 2012 05:47pm EST 

WP Carey Inc announced that CPA(R):17 - Global, one of its publicly held non-traded REIT affiliates, has acquired an office tower in Houston, Texas. The property is primarily leased to Kellogg Brown & Root, Inc. (KBR), which occupies approximately 900,000 square feet under a net lease with a remaining term of approximately 18 years. The 1,047,748 square foot building is 99.8% leased, with the majority leased by KBR, and the balance occupied by a mixture of office and retail tenants. In addition to the 40 story office tower, the acquisition includes a 1,499 stall parking garage. The terms of the acquisition were not disclosed. 

Company Quote

65.36
-0.09 -0.14%
4:06pm EDT