HOUSTON-Atlanta-based Piedmont Office Realty Trust has purchased 1200 Enclave Parkway, a 150,000-square-foot building that formerly housed Cabot Oil & Gas's headquarters, for $18.5 million or about $124 per square foot. Dallas-based C-III Asset Management has sold the property on behalf of Bank of America.
The property, previously owned by an associate of Creekstone Partners, went into foreclosure after Cabot Oil & Gas closed its lease. Robert Williamson with HFF negotiated the deal on behalf of the seller.For the full story, go to Houston Chronicle.
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