DLA Piper represents CCIT II in acquisition of Dow Chemical administration building

DLA Piper advised Cole Office & Industrial REIT (CCIT II), Inc. in the acquisition by a subsidiary of CCIT II of the Dow Chemical Company's administration building located in Lake Jackson, Texas. 

The 230,000-square-foot building was purchased for approximately US$60 million. CCIT II, a publicly registered, non-listed REIT, is sponsored by Cole Capital®, the investment management business of VEREIT, Inc.

The DLA Piper team that advised Cole Capital was led by partner Kevin Lytle, co-head of the firm's Real Estate practice in Phoenix.