STARWOOD CAPITAL BUYS 1.9M SF OF OFFICE SPACE

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GREENWICH, CONN. — Greenwich-based Starwood Capital Group has acquired a portfolio of nine office buildings, including a property in Pittsburgh, for $260.5 million. The portfolio totals 1.9 million square feet of Class A space in Orlando, Tampa, Charlotte, Winston-Salem, Pittsburgh and Salt Lake City. The buildings are 95 percent leased, excluding Salt Lake City, and the average year of completion is 1999. Wells REIT Real Investment Trust II was the seller.

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