Deals
Bahrain’s Investcorp to Buy U.S. Offices Valued at $200 Million
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Investcorp SA, the Bahrain-based investment company, agreed to buy five U.S. office properties valued at about $200 million as it focuses on cities with economic growth and low unemployment.
Investcorp acquired Westmoor Place in Denver, One Westchase Center in Houston and Tysons Commerce Center outside of Washington, the company said in a statement today. The properties purchased have total space of 1.08 million square feet (100,000 square meters) and a combined occupancy rate of more than 94 percent.