Hines Global REITII Inc. closed on its purchaseof Cottonwood Corporate Center in Cottonwood, Utah's SaltLake City submarket.

The complex marks the company's fourth investment. It comprisesfour class A buildings spanning 490,030 square feet at 2855, 2825, 2795 and 2755East Cottonwood Parkway. It is 91% leased to 25 tenants, including Western Digitaland Extra Space Storage Inc.

NOP Cottonwood Holdings LLC agreed to sell the property in Mayfor $140.0 million, exclusive of transaction costs and working capital reserves.