PRINCETON, NJ—Chambers Street Properties, the industrial and office REIT spun out of CBRE in 2012, is exploring a possible sale after receiving an acquisition offer from at least one competitor, Bloomberg Business reported Tuesday evening. Interim president and CEO Martin Reid acknowledged the Bloomberg story during an investor presentation at NAREIT’s REITWeek conference Wednesday; however, he said, “As a publicly traded company, we’re always exploring options, but I can’t comment on any speculation and market rumors.”

Shares of the REIT’s stock rose following the Bloomberg report, which cited unidentified sources said to be familiar with the matter. It’s not clear whether CSG is considering any options other than a sale, Bloomberg reported.

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