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  <TITLE> Columbia Equity Trust, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	March 15, 2006
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  	Columbia Equity Trust, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Maryland
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  	001-32536
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  	20-1978579
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	1750 H Street, N.W., Suite 500, Washington, District of Columbia
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  	20006
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(202) 303-3080
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On March 15, 2006, Columbia Equity Trust, Inc. (the "Company") entered into a material definitive agreement (the "Chubb Building Purchase Agreement") with Armada/Hoffler Investment Properties, L.P., ("AHIP") to acquire a two-story, approximately 41,400 square foot office building (the "Chubb Building" or the "Property") located at 1741 Business Center Drive, Reston, Virginia for $11,575,000. The property is subject to a mortgage loan with an outstanding principal balance of approximately $7.4 million which bears interest at 8.28% and matures in February 2010.  <br><br>The Company expects to fund the transaction with proceeds from its revolving line of credit and either the assumption of the existing mortgage financing or with new mortgage financing.   The Chubb Building is currently 100% leased to an affiliate of the Chubb Corporation.  The lease, prior to extension rights, expires in January 2015.  The Property includes additional land for development in excess of 50,000 square feet. The purchase of the Chubb Building is subject to customary closing conditions, including the satisfactory completion by the Company of a due diligence review during its inspection periods.<br><br>The Company has committed to make a total deposit of $300,000 for the Chubb Building. If the Company does not terminate the Chubb Building Purchase Agreement on or before April 14, 2006, the deposit will be credited toward the purchase price of the Chubb Building at the time of closing. If the Company terminates the Chubb Building Purchase Agreement after April 14, 2006, but prior to closing, the escrow agent will release the deposit to AHIP, except in the event of a failure of a condition to closing or an uncured default by AHIP.<br><br>There are no material relationships between the Company and AHIP. The Company provides no assurance that it will complete the purchase of the Chubb Building.<br>
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  	SIGNATURES
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  	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.
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  	Columbia Equity Trust, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	March 16, 2006
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  	By:
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  <I>
  	/s/ John A. Schissel
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  	Name: John A. Schissel
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  	Title: Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_10999.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10160}]
metadata_filer: {"company-data": {"conformed-name": "Columbia Equity Trust, Inc.", "cik": "0001316710", "assigned-sic": "6531", "irs-number": "201978579", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32536", "film-number": "06691070"}, "business-address": {"street1": "1750 H STREET, N.W.", "street2": "SUITE 500", "city": "WASHINGTON", "state": "DC", "zip": "20006", "phone": "(202) 303-3060"}, "mail-address": {"street1": "1750 H STREET, N.W.", "street2": "SUITE 500", "city": "WASHINGTON", "state": "DC", "zip": "20006"}}
text: Columbia Equity Trust, Inc. (Form: 8-K)
  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):
  March 15, 2006
  Columbia Equity Trust, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  001-32536
  20-1978579
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  1750 H Street, N.W., Suite 500, Washington, District of Columbia
  20006
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (202) 303-3080
  Not Applicable
  ______________________________________________
  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))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On March 15, 2006, Columbia Equity Trust, Inc. (the "Company") entered into a material definitive agreement (the "Chubb Building Purchase Agreement") with Armada/Hoffler Investment Properties, L.P., ("AHIP") to acquire a two-story, approximately 41,400 square foot office building (the "Chubb Building" or the "Property") located at 1741 Business Center Drive, Reston, Virginia for $11,575,000. The property is subject to a mortgage loan with an outstanding principal balance of approximately $7.4 million which bears interest at 8.28% and matures in February 2010.
  The Company expects to fund the transaction with proceeds from its revolving line of credit and either the assumption of the existing mortgage financing or with new mortgage financing.   The Chubb Building is currently 100% leased to an affiliate of the Chubb Corporation.  The lease, prior to extension rights, expires in January 2015.  The Property includes additional land for development in excess of 50,000 square feet. The purchase of the Chubb Building is subject to customary closing conditions, including the satisfactory completion by the Company of a due diligence review during its inspection periods.
  The Company has committed to make a total deposit of $300,000 for the Chubb Building. If the Company does not terminate the Chubb Building Purchase Agreement on or before April 14, 2006, the deposit will be credited toward the purchase price of the Chubb Building at the time of closing. If the Company terminates the Chubb Building Purchase Agreement after April 14, 2006, but prior to closing, the escrow agent will release the deposit to AHIP, except in the event of a failure of a condition to closing or an uncured default by AHIP.
  There are no material relationships between the Company and AHIP. The Company provides no assurance that it will complete the purchase of the Chubb Building.
  Top of the Form
  SIGNATURES
  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.
  Columbia Equity Trust, Inc.
  March 16, 2006
  By:
  /s/ John A. Schissel
  Name: John A. Schissel
  Title: Chief Financial Officer