Cole Acquires Six New Properties in November


– $76.8 MM Acquired in November 2007

– $1.34 BIL Acquired Year-to-Date

PHOENIX, Dec. 13 /PRNewswire/ — Cole Companies (Cole) continued its strong acquisition pace during the month of November, acquiring six new properties, totaling 147,699 square feet for a purchase price of $76.8 million.

Year to date, Cole affiliated entities have acquired nearly $1.4 billion in assets, totaling over 8.9 million square feet. Cole affiliated entities currently own or manage $2.6 billion of real estate assets and approximately 15.5 million total square feet.

“Our team continues to keep up the record-breaking pace that has been implemented since the beginning of the year. We have obtained 183 properties to-date and look to expand that number even further during the month of December,” said Chris Robertson, Chief Acquisitions Officer at Cole.

    Cole acquired the following properties during the month of November 2007:

    Tenant Concept           Location            Date Acquired       Footage
     1.  Station Casinos
          Headquarters      Las Vegas, NV          11/01/07          138,588
     2.  Starbucks          Oklahoma City, OK      11/20/07            1,741
     3.  Starbucks          Chattanooga, TN        11/26/07            1,850
     4.  Starbucks          Maryville, TN          11/26/07            1,850
     5.  Starbucks          Powell, TN             11/26/07            1,850
     6.  Starbucks          Seymour, TN            11/26/07            1,850
                                                     Total           147,699

Additionally, Cole looks forward to a successful final quarter as the company is scheduled to acquire 150 properties (46 of which are loan acquisitions) for a total of $217 million during the month of December.

About Cole Companies

Cole Companies is a leading real estate investment management firm that is focused on the acquisition of quality commercial real estate. Primarily, Cole is focused on freestanding, single-tenant properties net leased to high-quality tenants in a variety of retail businesses, but will also consider multi-tenant retail properties and other investments with a retail focus where it believes there are compelling yield and risk/return characteristics. Since 1979, Cole and its related entities have formed and managed over 100 investment programs, owning real estate with a combined acquisition and development cost in excess of $2.6 billion.

SOURCE Cole Companies

© 2007 PR Newswire. All Rights Reserved.


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