PHOENIX-Locally-based Cole Corporate Income Trust has acquired five single-tenant corporate properties in San Jose, Colorado Springs, St. Louis and Houston for a combined purchase price of approximately $202.1 million.

The acquisitions were announced by Cole Capital, the private capital management business of Cole Corporate Income Trust.

"These latest acquisitions are consistent with CCIT's strategy of securing mission-critical properties nationwide that are essential for corporate operations," says Thomas W. Roberts, EVP and head of real estate investments at Cole Real Estate Investments, Inc. "These 'necessity' properties boast credit-quality tenants, long-term leases, valuable rent increases and varied industries, while providing geographic diversification to the expanding CCIT portfolio."

The properties now part of Cole's office portfolio include: a 98,874-square-foot two-story, class A office building leased to Lattice Semiconductor Corp.in San Jose, CA; a 155,508-square-foot three-story, class A office building leased to FedEx Corporate Services Inc. in Colorado Springs, CO; a 148,866-square-foot three-building office complex leased to ServiceNow, Inc., in San Jose, CA; a 232,521-square-foot three-story, class A office building leased to Magellan Health Services, Inc. in St. Louis.MO; and a 97,295-square-foot three-story, Class A office building leased to TGS-NOPEC Geophysical Company in Houston..

CCIT's real estate portfolio now consists of 63 wholly owned properties located in 25 states, totaling approximately 11.6 million square feet with an aggregate purchase price of approximately $1.7 billion.