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PORTFOLIO SUMMARY August 2017


CONTENTS NEW YORK Market Portfolio Overview . . . . . . . . . . . . . . . . 4 114 Fifth Avenue. . . . . . . . . . . . . . . . . . . . . . . . 6 229 West 43rd Street. . . . . . . . . . . . . . . . . . . . 8 315 Park Avenue South. . . . . . . . . . . . . . . . . . 10 222 East 41st Street. . . . . . . . . . . . . . . . . . . . 12 95 Columbus. . . . . . . . . . . . . . . . . . . . . . . . . . 13

SAN FRANCISCO Market Portfolio Overview . . . . . . . . . . . . . . . 14 University Circle. . . . . . . . . . . . . . . . . . . . . . . 16 333 Market Street. . . . . . . . . . . . . . . . . . . . . .18 221 Main Street . . . . . . . . . . . . . . . . . . . . . . . 20 650 California Street. . . . . . . . . . . . . . . . . . . . 22

WASHINGTON, D.C. Market Portfolio Overview . . . . . . . . . . . . . . . 24 Market Square . . . . . . . . . . . . . . . . . . . . . . . . 26 80 M Street . . . . . . . . . . . . . . . . . . . . . . . . . . 28

ATLANTA Market Portfolio Overview . . . . . . . . . . . . . . . 30 Lindbergh Center . . . . . . . . . . . . . . . . . . . . . . 31 One and Three Glenlake Parkway . . . . . . . . . . 32

BOSTON 116 Huntington Avenue . . . . . . . . . . . . . . . . . 34

PITTSBURGH Cranberry Woods Drive. . . . . . . . . . . . . . . . . . 36

LOS ANGELES Pasadena Corporate Park. . . . . . . . . . . . . . . . 37

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BY THE NUMBERS

95

%

PORTFOLIO LEASED

8.2M 7.1 years RENTABLE SQUARE FEET

MARKET DISTRIBUTION2 36.1% New York 28.1% San Francisco 14.9% Washington, D.C. 10.4% Atlanta 4.3% Pittsburgh 3.7% Boston 2.5% Los Angeles

Unless otherwise noted, all data contained herein is as of June 30, 2017 and pro forma for the planned return of 263 Shuman Boulevard to the lender. *Data are presented at 100% of all properties, including those held through joint venture partnerships. Based on ALR.

1 2

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Based on gross real estate assets under management.

AVERAGE REMAINING LEASE TERM1


SUSTAINABILITY

View from terrace at 114 Fifth Avenue

80 | 6.5M SF %

OF PORTFOLIO ENERGY STAR-CERTIFIED

7 | 3.5M SF PROPERTIES LEED®-CERTIFIED

4

BOMA 360 PERFORMANCE BUILDINGS

LEED and the related logos are trademarks owned by the U.S. Green Building Council and are used with permission. ENERGY STAR and the ENERGY STAR mark are registered trademarks owned by the U.S. Environmental Protection Agency. These logos are used herein to identify Columbia buildings that have been awarded these designations.

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New York MARKET PORTFOLIO OVERVIEW

2.2M % 95 9.8 TOTAL SF

LEASED

YEARS AVERAGE REMAINING LEASE TERM1

114 FIFTH AVENUE Midtown South

65.0

EXPIRATIONS

%

229 WEST 43RD STREET Times Square

315 PARK AVENUE SOUTH Midtown South

222 EAST 41ST STREET Midtown

95 COLUMBUS

21.6

%

Jersey City/Hudson Waterfront

4.8 3.8 %

%

2.9 1.8 0.1 %

%

Data are presented at 100% of all properties, including those held through joint venture partnerships. Based on ALR.

1

|4|

VACANT

2017

2018

2019

%

2020

2021 BEYOND 2021


NEW YORK

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114 Fifth Avenue Epitomizing Manhattan’s popular Flatiron District, 114 Fifth Avenue is a landmark office asset that provides sweeping cityscape views and attractive historic architecture, with fully modernized, upgraded interiors. Built in 1910, and having undergone a recent $45 million investment in infrastructure and contemporary renovations, this 19-story building offers tall ceilings and efficient floorplates throughout. Columbia and joint venture partner Allianz Real Estate each own a 49.5% interest in 114 Fifth Avenue, while L&L Holding Company LLC owns a 1% stake.

Quick Facts Submarket

Midtown South

Year Built/Renovated

1910/2014

Year Acquired

2017

Major Tenants

Mastercard Intl. Inc., Capital One N.A., First Look Media

Total Rentable SF*

352,000

Leased 100% Avg. Remaining Lease Term

2011

*Represents 100% of 114 Fifth Avenue. Columbia owns a 49.5% interest in the 114 Fifth Avenue Joint Venture.

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7.8 years


NEW YORK

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229 West 43rd Street With its stunning historical façade and striking modern interior, the iconic former New York Times building at Times Square has transformed into a hub for household-name tenants in the tech and creative industries. 229 West 43rd Street’s strong tenant base and rental rates diversify our presence in Manhattan, helping us replicate the successful strategy we’ve employed in San Francisco, of anchoring a growth-oriented portfolio with a stable income-producing asset. Constructed between 1912 and 1947, the building underwent a complete renovation between 2011 and 2015, and we have added luxury amenities, including Columbia Concierge, an exclusive onsite concierge service. It's now fully leased to major tech and creative tenants, with future availability being absorbed at higher rates PMS 1595 C PMS COOL GRAY 9 C PMS 542 C CMYK: 0, 71, 100, 25% 3 CMYK: 30, 22, building 17, 57 CMYK: 60, 19, 1, 4 by pent-up demand from rapidly expanding tenants, including Snap Inc., which now leases of the RGB: 216, 96, 24 RGB: 117, 120, 123 RGB: 123, 175, 212 (including future commitments).

Quick Facts Submarket Years Built/Renovated Year Acquired

Times Square 1912-1947/2015 2015

Major Tenants Yahoo!/Verizon, Snap Inc., MongoDB Total Rentable SF

481,000

Leased 100% Avg. Remaining Lease Term

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6.3 Years


NEW YORK

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315 Park Avenue South Columbia has invested in upgrades and amenities that have positioned 315 Park Avenue South as “best-inclass” in the Midtown South market. Columbia is capitalizing on strong demand in the Midtown South market as we fill availability being left by departing anchor tenant, Credit Suisse, whose lease expired in late April. As part of our strategy, Columbia is investing significant capital and vision into rebranding the 20-story building, including a reimagined entrance on 24th Street, a modern lobby, upgraded elevator cabs, and a new retail façade to be completed by the fall of 2017. We also have added luxury amenities, including Columbia Concierge, an exclusive onsite concierge service. These efforts are already producing results. Premier fitness club operator Equinox opened their newest 45,000square-foot facility in late 2016, and BDG Media Inc., parent company of online publications Bustle and Romper, leased two floors earlier this year.

Quick Facts Submarket

Midtown South

Year Built/Renovated

1910/2017

Year Acquired

2015

Major Tenants

Oracle America, Winton Capital, Equinox

Total Rentable SF

331,000

Leased 68% Avg. Remaining Lease Term

9.6 Years

Entry renovation rendering

Lobby renovation rendering

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1a L&L Holding |

ligHt grey terraZZo | 315 Park Ave South

New York, New York | July 15th, 2016

5


NEW YORK

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222 East 41st Street This prominent Midtown asset has been fully leased to New York University (NYU) as part of the expansion of its Langone Medical Center. NYU Langone, which has leased the entire building for the next 31 years, serves all of metro New York City through multiple facilities. NYU was attracted to 222 East 41st Street for its newer construction, recent upgrades and proximity to Grand Central Terminal. Work is underway to transform the 25-story office building into a state-of-the-art medical center that will include medical offices, ambulatory care facilities and ancillary uses over the next two years.

Quick Facts Submarket Midtown Year Built/Renovated Year Acquired

2001/2017 2007

Major Tenant NYU Langone Medical Center Total Rentable SF

390,000

Leased 100% Remaining Lease Term

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31 Years


CO LU M B U S

95 Christopher Columbus Drive

With spectacular views of downtown Manhattan and a convenient location in the heart of Jersey City, 95 Columbus continues to attract a full roster of high-quality tenants. Constructed in 1989, this 19-story, Class-A office tower stands across the Hudson River from Manhattan’s Financial District. This building offers onsite parking and direct access to the Grove Street Path station, which provides convenient access to Manhattan. Among the largest tenants in the building are Pershing, a subsidiary of BNY Mellon, and Quality Technology Services, a data center provider.

Quick Facts Submarket

Jersey City/Hudson Waterfront

Year Built

1989

Year Acquired

2006

Major Tenants Pershing; Quality Technology Services Total Rentable SF

630,000

Leased 100% Avg. Remaining Lease Term

5.4 Years

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NEW YORK

95

95 Columbus


San Francisco MARKET PORTFOLIO OVERVIEW UNIVERSITY CIRCLE

Palo Alto

333 MARKET STREET Financial District

221 MAIN STREET South Financial District

650 CALIFORNIA STREET North Financial District

2.0M % 97 5.7 TOTAL SF

650 CALIFORNIA STREET

LEASED

YEARS AVERAGE REMAINING LEASE TERM1

333 MARKET STREET 221 MAIN STREET Based on ALR.

1

Data are presented at 100% of all properties, including those held through joint venture partnerships.

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62.4

%

10.4

%

3.4

VACANT

%

5.0

1.1

%

2017

2018

9.5 8.2 %

%

%

SAN FRANCISCO

EXPIRATIONS

2019

2020

2021 BEYOND 2021

View from 650 California Street

650 CALIFORNIA STREET

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University Circle One of the premier office addresses in Silicon Valley, University Circle appeals to traditional legal and creative/tech tenants alike. Curving around a central courtyard with dramatic fountains, the three classically-styled office buildings that form University Circle offer an inspiring setting and convenient amenities for tenants, including the Four Seasons Hotel Silicon Valley at Palo Alto on property (under separate ownership). We have also recently added Columbia Concierge, an exclusive onsite concierge service, and are in the process of enhancing the central grounds to provide a more collaborative space for tenant interaction and engagement. The fully-leased campus houses a diverse roster of tenants, from top law firms to leading tech companies such as Amazon Web Services, and commands some of the highest rents in our portfolio nationwide. In July 2017, Columbia contributed the property to our joint venture with Allianz Real Estate, and Allianz now holds a 22.5% interest in University Circle.

Quick Facts Submarket

Palo Alto

Years Built

2001, 2002 and 2003

Year Acquired

2005

Major Tenant

DLA Piper US, Amazon Web Services, Inc.

Total Rentable SF*

451,000

Leased 100.0% Avg. Remaining Lease Term

3.2 Years

2010

*Represents 100% of the University Circle buildings. Columbia owns a 77.5% interest in the University Circle Joint Venture.

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SAN FRANCISCO

Rendering of grounds enhancement expected to be complete late 2017

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333 Market Street Centrally located and fully leased, 333 Market Street offers a core profile to balance the leasing opportunities in our San Francisco portfolio. Fully leased to Wells Fargo Bank, N.A., the 33-story office tower between Fremont and Beale Streets was Columbia’s first acquisition in San Francisco and accounts for nearly a quarter of our revenues from the market. Constructed in 1979, the tower has been modernized by over $80 million in capital investments and tenant improvements over the past nine years. In July 2017, Columbia contributed the property to our joint venture with Allianz Real Estate, and Allianz now holds a 22.5% interest in 333 Market Street.

Quick Facts Submarket

Financial District

Year Built/Renovated

1979/2007

Year Acquired Tenant

2012 Wells Fargo Bank, N.A.

Total Rentable SF*

657,000

Leased 100% Remaining Lease Term

9.2 Years

*Represents 100% of 333 Market Street. Columbia owns a 77.5% interest in the 333 Market Street Joint Venture.

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SAN FRANCISCO

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221 Main Street With protected Bay views and an abundance of natural light, tech-friendly 221 Main Street has established itself as a top contender in the nation’s most competitive office market. Located at a coveted South of Market address, 221 Main offers 16 stories of premier Class-A office space just one block from the Embarcadero. Originally constructed in 1974, 221 Main has undergone an extensive renovation over the past three years with significant building upgrades and amenities to rival that of new construction, and we are also adding luxury amenities, including Columbia Concierge, an exclusive onsite concierge service. A new exterior paint design, just completed, has helped to attract tenants, as have features such as the property’s spacious outdoor terrace, new state-of-the-art conference center and tenant lounge, and a stunning LED entrance display.

Quick Facts Submarket

South Financial District

Year Built/Renovated

1974/2017

Year Acquired

2014

Major Tenants

DocuSign, Prosper Marketplace

Total Rentable SF

381,000

Leased 95% Avg. Remaining Lease Term

5.1 Years

New tenant lounge (below) opens onto 4th floor terrace (above)

2013

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SAN FRANCISCO

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650 California Street Stunning renovations, spectacular views and extensive upscale amenities command attention at San Francisco's iconic office tower, 650 California. With its blend of mid-century modern style and high-design industrial interiors, 650 California has attracted new tech and creative tenants to join its longtime roster of financial companies. Affirm, a financial technology company, recently signed a new 86,000-square-foot lease, and an existing tenant just renewed and expanded with a 22,000-square-foot lease, thereby completing almost 200,000 square feet of leasing at the property over the past few months. The 33-story tower’s unique architecture, unobstructed water and city views, and location have kept it an office destination since 1964. The fully-updated building offers a modern interior design with a refreshed lobby, state-of-the-art fitness and conference centers, and a host of luxury amenities including Columbia Conceirge, an exclusive onsite concierge service. 650 California was recently named by Architectural Digest as the #2 Breathtaking Office View in a ranking of the top office buildings in the world.

Quick Facts Submarket

North Financial District

Year Built/Renovated Year Acquired

1964/2015 2014

Major Tenants Affirm, Credit Suisse, WeWork Total Rentable SF

483,000

Leased 90% Avg. Remaining Lease Term

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6.7 Years

2011


SAN FRANCISCO

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Washington, D.C. MARKET PORTFOLIO OVERVIEW

1.0M % 82 6.8 TOTAL SF

LEASED

YEARS AVERAGE REMAINING LEASE TERM1

MARKET SQUARE

East End

80 M STREET

Capitol Riverfront

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54.7

EXPIRATIONS

%

WASHINGTON, D.C.

18.1

%

13.4

%

6.3

%

1.0 VACANT

%

2017

3.9 2018

%

2.6

%

2019

2020

Based on ALR.

1

2021 BEYOND 2021

Data are presented at 100% of all properties, including those held through joint venture partnerships.

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Market Square

701 & 801 Pennsylvania Avenue NW Well-executed renovations and a partnership with an industry leader have re-established Market Square as one of D.C.’s premier office addresses. Market Square, which curves majestically around the U.S. Navy Memorial on Pennsylvania Avenue, has long been the icon of D.C. office space. As proof of Market Square's command in the market, Columbia has signed more than 100,000 square feet of leases at the property in the last year, including a sizable recent renewal and expansion with UnitedHealth Group. The property now boasts more than 20 FORTUNE 500 companies among its roster of tenants, and Blackstone Property Partners invested in the building as a 49% partner in 2015. With a new marketing center, updated lobby and best-in-class fitness center completed, as well as spec suites under development, Market Square is well positioned to capitalize on market opportunities.

Quick Facts Submarket

East End

Year Built/Renovated

1990/2016

Year Acquired Major Tenants

2011 Edison Electric Institute, Mintz Levin, United Healthcare

Total Rentable SF*

698,000

Leased 77% Avg. Remaining Lease Term

6.9 Years

2009

*Represents 100% of the Market Square buildings. Columbia owns a 51% interest in the Market Square Joint Venture.

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WASHINGTON, D.C.

Rendering of new roof deck expected to be completed mid 2018

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80 M Street A new hospitality-inspired lobby, outdoor terrace and lounge have helped drive the lease up of this welllocated Navy Yard building. 80 M Street overlooks the new Washington Nationals baseball stadium in the heart of D.C.’s Capitol Riverfront neighborhood, known for its industrial-modern construction, value, and access to city highlights. Its convenient location and extensive amenities contributed to more than 150,000 square feet of signed leases since June 2016, highlighted by a 15-year, 69,000-square-foot lease with WeWork. Columbia has completed cosmetic upgrades to the lobby and common areas that have continued this leasing momentum, including a 13,000-square-foot renewal with General Dynamics in May.

Quick Facts Submarket

Capitol Riverfront

Year Built/Renovated

2001/2017

Year Acquired

2004

Major Tenants

WeWork, Engility, General Dynamics

Total Rentable SF

285,000

Leased 94% Avg. Remaining Lease Term

2011

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6.5 Years


WASHINGTON, D.C.

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Atlanta MARKET PORTFOLIO OVERVIEW

1.7M % 100 4.2 TOTAL SF

LEASED

YEARS AVERAGE REMAINING LEASE TERM1

EXPIRATIONS

58.8

%

LINDBERGH CENTER

Upper Buckhead

ONE AND THREE GLENLAKE PARKWAY

21.8

Central Perimeter

%

18.0

%

0.0 1.0 0.4 0.0 %

Based on ALR.

1

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VACANT

%

2017

%

2018

%

2019

2020

2021 BEYOND 2021


ATLANTA

Lindbergh Center 575 Morosgo Drive NE

Fully leased to AT&T Services until 2021, Lindbergh Center is located in Buckhead, Atlanta’s top submarket. Lindbergh Center consists of twin 14-story, Class-A office buildings connected by a four-story atrium, comprising nearly 1 million square feet of office space in total. The property is part of Lindbergh Center, a 47-acre live/work/

ATLANTA

play development, and stands at Piedmont Road and Lindbergh Drive, next to the Lindbergh Station on MARTA, Atlanta’s rapid rail system.

Quick Facts Submarket

Upper Buckhead

Year Built

2002

Year Acquired

2008

Tenant Total Rentable SF

AT&T Services 955,000

Leased 100% Remaining Lease Term

3.5 Years

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One and Three Glenlake Parkway This lakeside complex is now fully leased and positioned as best-in-class for the submarket, thanks to new amenities, reimagined common areas, and a comprehensive marketing approach. Columbia has completed significant renovations to the extensive grounds at this two-building campus, located in Atlanta’s Central Perimeter submarket directly across the street from the new Mercedes-Benz U.S. headquarters. Interior renovations to the multi-tenanted building One – including a fully redesigned lobby, upgraded fitness center, and a new café and conference center – have helped to drive nearly 150,000 square feet of leasing since the project began. The adjacent building Three is fully leased to Newell Brands until 2020.

Quick Facts Submarket

Central Perimeter

Year Built/Renovated 2003 and 2008/2016 Year Acquired

2004 and 2008

Major Tenants Newell Brands, Cotivity USA Total Rentable SF

706,000

Leased 100% Avg. Remaining Lease Term

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5.1 Years


ATLANTA

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116 Huntington Avenue In the heart of Boston’s thriving Back Bay, 116 Huntington has been repositioned as a boutique, highlyamenitized destination for traditional and creative tenants alike. Columbia purchased 116 Huntington in early 2015, first and foremost for its premiere location in the highly desirable Back Bay submarket—the property is within walking distance to some of Boston’s most famous and historic areas replete with top-rated restaurants and retail. To maximize this appeal, Columbia recently completed a $10 million reimagining and modernization of the property with an extensive renovation of the lobby and exterior. Additional renovations highlight the unique architecture of the building's penthouse floors, which feature high ceilings, panoramic views, a distinctive oculus window, and new outdoor terraces.

Quick Facts Submarket Year Built/Renovated Year Acquired

Back Bay 1991/2016 2015

Major Tenants American Tower, GE Healthcare, Brigham and Women’s Hospital Total Rentable SF

272,000

Leased 77% Avg. Remaining Lease Term

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5.4 Years


BOSTON

Terrace view

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Cranberry Woods Drive |

PITTSBURGH

1000 Westinghouse Drive

Columbia completed the Cranberry Woods build-to-suit project in 2010 as the corporate headquarters for

Westinghouse Electric Co. The Class-A office property consists of a five-story office building connected to two four-story buildings. The property is LEED certified in the USGBC’s New Construction (NC) rating program.

Quick Facts

1000 Westinghouse Drive

Submarket

Cranberry Township

Years Built

2009-2010

Year Acquired Tenant

2010

Westinghouse Electric Company

Total Rentable SF

824,000

Leased 100% Remaining Lease Term

7.9 Years

Pittsburgh Š2017 GoogleMaps

2010

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Pasadena Corporate Park |

LOS ANGELES

3453-3455, 3465 and 3475 E. Foothill Boulevard

This Class-A office property includes two three-story office buildings, a small retail building, and parking structure, located just northeast of Los Angeles in one of the city’s most popular and affluent suburbs, Pasadena, home to

the Rose Bowl stadium and Tournament of Roses Parade. Major tenants include Green Dot, a provider of low-cost banking and payment solutions, and Tetra Tech, an environmental consulting and engineering firm.

Quick Facts

3475 E. Foothill Blvd.

Submarket Pasadena Years Built

1965, 2000, 2002 and 2003

Year Acquired

2007

Major Tenants

Green Dot Corporation, Tetra Tech, Inc.

Total Rentable SF

264,000

Leased 94% Avg. Remaining Lease Term

4.5 Years

Š2017 GoogleMaps

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®

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings primarily in high-barrier-toentry, primary markets. Our portfolio includes 16 operating office properties containing eight million square feet , concentrated in New York, San Francisco, and Washington, D.C . Columbia carries an investment-grade rating from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.

CORPORATE OFFICES Atlanta

One Glenlake Parkway Suite 1200 Atlanta, GA 30328

New York

315 Park Avenue South Suite 400 New York, NY 10010

San Francisco

650 California Street Suite 200 San Francisco, CA 94108

Washington, D.C.

801 Pennsylvania Ave. Suite 801 Washington, D.C. 20004


800-899-8411

072-CORPBOOK1706

|

www.columbia.reit

Columbia Property Trust Portfolio Summary Q2 2017  

Columbia Property Trust (NYSE: CXP) is a real estate investment trust that owns and operates Class-A office buildings concentrated in CBD lo...

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