Chambers Street Properties Completes Over 814,000 Square Feet of Lease Renewals

PRINCETON, N.J.--()--Chambers Street Properties (“Chambers Street” or the “Company”) (NYSE:CSG), a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, today announced it has completed one industrial and two office lease renewals totaling 814,614 square feet.

The leasing renewals are highlighted by an early office building renewal and five-year lease extension with Raytheon Company (“Raytheon”) for 602,794 square feet at Pacific Corporate Park located near Washington, D.C., extending the scheduled lease expiration through 2026. Raytheon is a leading technology firm specializing in defense, civil, government, and cybersecurity markets throughout the world.

The Company also executed an early renewal and extension with FMC Corporation (“FMC”) for the entire 110,765 square feet at the Company’s 701 & 801 Charles Ewing Boulevard office properties. With the execution of the lease, the lease was extended an additional six years for a fixed 15-year term expiring in 2030.

At the Company’s Orangeburg Park Building located near Charleston, South Carolina, a three-year industrial lease renewal was signed with Allied Air Enterprises, for all 101,055 square feet.

“The completion of these leases brings our total 2015 year-to-date leasing volume to over 1.7 million square feet. We continue to have excellent success in leveraging our strong tenant relationships with quality tenants such as Raytheon, FMC, and Allied Air to secure long-term leases, which we believe improve the stability of our cash flows and the values of these properties,” said Philip L. Kianka, Executive Vice President and Chief Operating Officer at Chambers Street.

About Chambers Street Properties (NYSE:CSG)

Chambers Street is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, leased to creditworthy tenants. As of June 30, 2015, Chambers Street owned or had a majority interest in 125 properties located across 19 U.S. states, France, Germany, and the United Kingdom encompassing approximately 37.2 million rentable square feet.

For additional information, please visit www.ChambersStreet.com.

Contacts

Investor Relations
Chambers Street Properties
Heather Gentry, 609-683-4900
Heather.Gentry@CSPREIT.com
or
Media Contacts
Tim Gallen
Tim@Gallen.com
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Andrew Neilly, 925-930-9848
Andrew@Gallen.com

Chambers Street Properties