COLUMBIA, MD—The Howard Hughes Corp. has acquired six office buildings in Downtown Columbia that have a total value of $130 million as part of the settlement agreement between it and its erstwhile parent General Growth Properties. As part of the agreement, GGP is also making a $138 million cash payment to Howard Hughes Corp., which GGP spun off in 2010.

The six office buildings—known as 10-60 Columbia Corporate Center—are 90% leased and unencumbered.

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