Cole Corporate Income Trust, Inc. Acquires $160 Million of Net-Leased Class A Office Properties in Texas and Massachusetts

PHOENIX--(BUSINESS WIRE)--Cole Real Estate Investments, Inc. (Cole or Cole Real Estate Investments), a diversified real estate company, announced the acquisition of three Class A office properties by Cole Corporate Income Trust, Inc. (CCIT) for $160.8 million. The properties, located in Texas and Massachusetts, include a multi-building Allstate corporate campus, the corporate headquarters for The Men’s Wearhouse and a newly constructed office building housing a multi-specialty medical practice operated by Harvard Vanguard Medical Associates. CCIT invests primarily in strategic single-tenant, income-producing, necessity corporate properties leased to creditworthy tenants under long-term net leases. Cole Corporate Income Advisors, LLC, a subsidiary of Cole Real Estate Investments, serves as external advisor to CCIT.