TCC And Principal Real Estate Investors Sell Noble Energy Center One

HOUSTON, TX – November 18, 2013 Trammell Crow Company, one of the nation’s leading developers and investors in commercial real estate, in joint venture with Principal Real Estate Investors, announce the sale of Noble Energy Center One to Cole Corporate Income Trust, Inc. The 10-story, Class A office building comprises 497,000 square feet on 3.5 acres of land in a premier office park in Northwest Houston located at Louetta Road and State Highway 249. Terms of the deal were not disclosed.

Noble Energy Center One underwent a significant capital renovation, which included modifications to lobbies, elevators, landscaping, common areas, signage and other aspects of the building and parking garage. New features include a full service kitchen including a café, dining area and coffee bar, fitness center, outdoor dining and meeting areas, and a state-of-the-art conference center. The project has also obtained LEED® Gold certification from the U.S. Green Building Council.

In January 2012, Noble Energy, Inc. signed a long-term lease to establish its global corporate headquarters in the building. The company’s new campus is anticipated to employ more than 1,600 individuals by 2015.

The Noble Energy Center campus is adjacent to The Vintage, a master-planned mixed-use community that features 537,000 square feet of retail/office space, over 1,600 upscale residences, two apartment communities, a 123-room hotel, Kelsey-Seybold Clinic, and a St. Luke’s regional hospital. It is also situated among an abundance of attractive wooded neighborhoods, golf courses, premier retail and restaurants and regional parks.

Bernard Branca, Vice President; Jared Chua, Vice President; and Russell Ingrum, Vice Chairman, with CBRE represented the seller, a joint venture between Trammell Crow Company and Principal Real Estate Investors, in the transaction.

About Principal Real Estate Investors

Principal Real Estate Investors manages or subadvises $47.0 billion in commercial real estate asset. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

About Trammell Crow Company

Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of September 30, 2013, Trammell Crow Company had over $5.2 billion of projects in process and $1.6 billion in its pipeline.

Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 15 major cities throughout the United States. The company serves users of and investors in, office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options.

Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). For more information visit