REIT Spends $120M On Energy Co. Encana's US Base

Law360, New York (November 28, 2012, 5:36 PM EST) -- Cole Real Estate Investments has picked up the Texas headquarters of energy company Encana Corp.'s U.S. arm for $120 million, the Phoenix-based real estate investment trust announced Wednesday.

The REIT said it used proceeds from recent sales to purchase the property that houses Encana Oil & Gas (USA) Inc.'s regional headquarters. Other terms of the deal were not disclosed.

Thomas W. Roberts, executive vice president and head of real estate investments for Cole, said in a statement that the campus was “a high-quality asset under a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.