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EX-99.1 - EX-99.1 - COLE CORPORATE INCOME TRUST, INC. | d540782dex991.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 17, 2013
Cole Corporate Income Trust, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Maryland | 000-54940 | 27-2431980 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2325 East Camelback Road, Suite 1100, Phoenix, Arizona 85016
(Address of principal executive offices)
(Zip Code)
(602) 778-8700
(Registrants telephone number, including area code)
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 | Entry into a Material Definitive Agreement |
Hillshire Farms Chicago, IL On May 17, 2013, Cole OF Chicago IL, LLC, a Delaware limited liability company, and a wholly-owned subsidiary of Cole Corporate Income Trust, Inc. (we, our or the Company), entered into an agreement of purchase and sale with 400 S. Jefferson (Chicago), LLC (the Seller), which is not affiliated with the Company, its advisor or affiliates. Pursuant to the terms of the agreement of purchase and sale, the Company agreed to purchase a 233,869 square foot office building (the Property), located in Chicago, Illinois for a gross purchase price of $97.5 million, exclusive of closing costs. The Property was significantly renovated in 2012 and is 95% leased to The Hillshire Brands Company.
Pursuant to the terms of the purchase and sale agreement, on May 17, 2013, the Company acquired the Property from the Seller. The purchase of the Property was funded with proceeds from the Companys ongoing public offering of common stock and loan proceeds. In connection with the acquisition, the Company paid an affiliate of Cole Corporate Income Advisors, LLC, the Companys advisor, acquisition fees of approximately $1.9 million.
Item 7.01 | Regulation FD Disclosure |
On May 21, 2013, Cole Real Estate Investments, as the sponsor of the Company, issued a press release regarding the acquisition of the Property by the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that Section, and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended (the Securities Act), unless it is specifically incorporated by reference therein.
Certain statements contained in this Current Report on Form 8-K, other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. We intend for all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable by law. Such statements include, in particular, statements about our plans, strategies, and prospects and are subject to certain risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as may, will, would, could, should, expect, intend, anticipate, estimate, believe, continue, or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this report is filed with the Securities and Exchange Commission. We make no representation or warranty (express or implied) about the accuracy of any such forward-looking statements contained in this Current Report on Form 8-K, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
99.1 Press release dated May 21, 2013.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 21, 2013 |
COLE CORPORATE INCOME TRUST, INC. | |||
By: | /s/ Gavin B. Brandon | |||
Name: | Gavin B. Brandon | |||
Title: | Vice President of Accounting | |||
Principal Accounting Officer |
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EXHIBIT INDEX
Exhibit Number |
Description | |
99.1 | Press release dated May 21, 2013 |
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