THE MEN’S WEARHOUSE – Corporate Headquarters – Houston MSA
CCIT acquired a 206,362-square-foot, two-story office building located in the Westchase District of Houston. The property serves as the corporate headquarters for The Men’s Wearhouse, which has more than 14 years remaining on its lease, plus renewal options. The Men’s Wearhouse is one of the largest specialty apparel retailers of men’s apparel with 1,259 stores.
HARVARD VANGUARD MEDICAL ASSOCIATES – Office Building – Boston MSA
CCIT acquired a recently completed 49,250-square-foot medical office building in Concord, MA. The facility is leased for 17 years to Harvard Vanguard Medical Associates, a 630-physician medical group providing primary and specialty medical care. The property houses several medical groups, including an urgent care center, pharmacy, pediatrics, behavioral health, laboratory, endocrinology, internal medicine and nutrition. Harvard Vanguard is relocating to the property from an older facility across the street.Boyd Messmann, senior vice president for office and industrial acquisitions at Cole, represented CCIT on both the Allstate and The Men’s Wearhouse transactions, while Robert Corry, vice president for office and industrial acquisitions at Cole, represented CCIT on the Harvard Vanguard transaction. About Cole Real Estate Investments, Inc. Cole Real Estate Investments, Inc. (NYSE: COLE) is an industry-leading net-lease REIT that acquires and manages real estate assets leased long-term to a high-quality, diversified tenant base. Since 1979, Cole has leveraged its deep relationships, efficiencies of scale and rigorous operational processes to acquire and actively manage retail, office and industrial properties. As of March 31, 2013, Cole Real Estate Investments owned $7.7 billion of gross assets, which included 1,013 properties representing approximately 43 million square feet of commercial real estate in 48 states. Through its private capital business, Cole Capital, Cole manages 1,031 additional properties with an aggregate purchase price of approximately $5.3 billion. To learn more, visit www.colereit.com. Forward-Looking Statements Certain statements in this press release may be considered forward-looking statements that reflect the current views of Cole Real Estate Investments and Cole’s management with respect to future events. Forward-looking statements about Cole’s plans, strategies and prospects are based on current information, estimates and projections; they are subject to risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Forward-looking statements are not intended to be a guarantee of any event, action, result, outcome or performance in future periods. Cole does not intend or assume any obligation to update any forward-looking statements, and the reader is cautioned not to place undue reliance on them.