Micros Systems Inc. plans to close on a $59.5 million purchase of its Columbia headquarters next month, according to a filing with the Securities and Exchange Commission.
The company, which supplies point-of-sale technology to the hospitality and retail industries, entered into a contract last month with the current owner, Wells REIT II. Wells REIT II is an affiliate of Columbia Property Trust, an Atlanta-based real estate investment trust that also owns the T. Rowe Price headquarters on Pratt Street in Baltimore.
The deal, scheduled to close July 1, includes a provision ensuring that Columbia Property Trust receives half of the net profits if the property is sold again within three years.
Micros Systems, which employed about 900 people at four locations in Maryland and about 6,500 worldwide at about this time last year, has rented the 250,000-square-foot building since 1998. It intends to pay for the property in cash, according to the May 6 SEC filing.
A Bloomberg report published Tuesday cited anonymous sources and said the company is nearing a deal with Oracle Corp., which would sell the firm for $5 billion. A spokeswoman for Micros Systems declined comment Friday. Columbia Property Trust also did not respond to a request for comment.
The building last sold for $62.1 million in 2007, according to state records.Copyright © 2014, The Baltimore Sun