LOS ANGELES—A fund in the CBRE Strategic Partners U.S. Fund series is selling six of its office properties, totaling nearly two million sq. ft. in four states.
CBRE Global Investors, based here, is marketing the properties. The towers include the 420,500-sq.-ft. 500 North Brand here, the 427,800-sq.-ft. Preston Commons two-building complex and the 313,600-sq.-ft. Sterling Plaza in, the 243,300-sq.-ft. 2603 Augusta in Houston, the 321,000-sq.-ft One Washingtonian in Washington, D.C. and the 256,200-sq.-ft. Esperante building in West Palm Beach, Fla.
CBRE says it has invested significant capital in these properties, and tenants include, energy, medical, legal and service firms. The portfolio is also free and clear of existing debt, the company says.