Starwood Capital Drops $260M On Office Buildings

Law360, New York (January 2, 2013, 7:29 PM EST) -- Private equity-backed global real estate investment firm Starwood Capital Group LLC’s affiliate has bought nine office buildings from Wells Real Estate Investment Trust II Inc. for a total of $260.5 million, the firm said Wednesday.

The office buildings, which are located in cities including Pittsburgh and Salt Lake City, total 1.9 million square feet of office space in urban and suburban areas, according to a statement by Starwood Capital. Most of the buildings sold by Well REIT II in deal are 95 percent leased, Starwood Capital...
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