{"id":1004099858,"date":"2014-07-03T07:22:57","date_gmt":"2014-07-03T15:22:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004099858"},"modified":"2022-12-08T19:24:02","modified_gmt":"2022-12-09T03:24:02","slug":"micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/","title":{"rendered":"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md."},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"7031<\/a><\/p>\n

There\u2019s no place like home, so Micros Systems Inc. decided to stay put and acquire its headquarters building at 7031 Columbia Gateway Drive in Columbia, Md., just outside of Washington, D.C.\u00a0 The company, a provider of information technology solutions for the hospitality and retail industries, recently purchased the 247,700-square-foot asset from Columbia Property Trust Inc. for $59.5 million in cash.<\/p>\n

Commercial real estate services firm Cassidy Turley represented Columbia Property Trust in the transaction, while CBRE Inc. stood in for Micros.<\/p>\n

Sited on 14.5\u00a0 acres in Columbia Gateway Business Park, 7031 Columbia last changed hands in 2007, when Wells Real Estate Investment Trust II Inc.–which became Columbia Property Trust in 2013–acquired the office facility for approximately $62.1 million.<\/p>\n

Micros, whose lease of the entire building was scheduled to expire in February 2016, has called 7031 Columbia home since 1998. With the purchase of the property, Micros also becomes a landlord, at least temporarily, as the software maker has been subleasing roughly 39,500 square feet of the structure\u2019s office space to Motorola Inc. under an agreement that expires in March 2015.<\/p>\n

It\u2019s nice to have a home of one\u2019s own, and Micros will have to maintain ownership of 7031 Columbia for at least three years unless, per terms of the purchase deal, it wants to fork over 50 percent of the net profit of any sale of the property to Columbia Property Trust.<\/p>\n

Micros\u2019s closing of the acquisition of 7031 Columbia comes on the heels of an announcement that Oracle has entered into an agreement to buy Micros for $5.3 billion.<\/p>\n

For Columbia Property Trust\u2019s part, the 7031 Columbia transaction is about repositioning. The REIT also recently sold the 128,300-square-foot SunTrust Building in Orlando, Fla., as well as the 240,300-square-foot office property at 160 Park Avenue in Florham Park, N.J., which, like 7031 Columbia, was sold to the occupier.<\/p>\n

\u201cConsistent with our previous asset recycling activity, these transactions continue to improve the overall performance and quality of our portfolio by reducing our exposure to single-tenant and suburban assets and tightening our market concentration,\u201d Nelson Mills, president & CEO of Columbia Property Trust noted in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

There\u2019s no place like home, so Micros Systems decided to stay put and acquire its headquarters building at 7031 Columbia Gateway Drive in Columbia, Md., just outside of Washington, D.C. <\/p>\n","protected":false},"author":969,"featured_media":1004099859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21747,1615],"tags":[],"class_list":["post-1004099858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc"],"acf":[],"yoast_head":"\nMicros Systems Acquires 248 KSF Class A Office Building in Columbia, Md. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md.\" \/>\n<meta property=\"og:description\" content=\"There\u2019s no place like home, so Micros Systems decided to stay put and acquire its headquarters building at 7031 Columbia Gateway Drive in Columbia, Md., just outside of Washington, D.C.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-03T15:22:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:24:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"545\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/\",\"name\":\"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md. - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg\",\"datePublished\":\"2014-07-03T15:22:57+00:00\",\"dateModified\":\"2022-12-09T03:24:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg\",\"width\":800,\"height\":545},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md. - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/","og_locale":"en_US","og_type":"article","og_title":"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md.","og_description":"There\u2019s no place like home, so Micros Systems decided to stay put and acquire its headquarters building at 7031 Columbia Gateway Drive in Columbia, Md., just outside of Washington, D.C.","og_url":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-03T15:22:57+00:00","article_modified_time":"2022-12-09T03:24:02+00:00","og_image":[{"width":800,"height":545,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/","url":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/","name":"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md. - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg","datePublished":"2014-07-03T15:22:57+00:00","dateModified":"2022-12-09T03:24:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg","width":800,"height":545},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/micros-systems-acquires-248-ksf-class-a-office-building-in-columbia-md\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Micros Systems Acquires 248 KSF Class A Office Building in Columbia, Md."}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/7031-Columbia-Gateway-Drive.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004099858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004099858"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004099858\/revisions"}],"predecessor-version":[{"id":1004614548,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004099858\/revisions\/1004614548"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004099859"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004099858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004099858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004099858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}