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): ~~January~~May 1222, 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))

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Item 2.01 Completion of Acquisition or Disposition of Assets.

On November 14, 2005, Columbia Equity Trust, Inc. (the "Company") filed a Current Report on Form 8-K announcing the entry by the Company into a material definitive agreement (the "1025 Vermont Purchase Agreement") with 1025 Vermont Investors, L.L.C. ("Investors") an affiliate of Cambridge Holdings Limited Partnership ("Cambridge") to acquire a twelve-story, approximately 115,000 square foot office building located in Washington, D.C. ("1025 Vermont"). On January 12, 2006, the Company completed the acquisition of 1025 Vermont from Investors. The purchase price was $34,050,000. In conjunction with the acquisition, the Company assumed an existing financing in the amount of $19.0 million at a fixed interest rate of 4.91% which matures in January 2010. The balance of the acquisition was funded with proceeds from the Company's revolving credit facility. 1025 Vermont is currently 97% leased to 27 tenants.

Item 7.01 Regulation FD Disclosure.

On ~~January~~May 1322, 2006, Columbia Equity Trust, Inc. (the "Company") ~~issued~~entered into a ~~press~~99 ~~release~~year ~~announcing~~ground lease (the ~~acquisition~~"Duke ~~described~~Street Ground Lease") with Duke 8401 L.P. (the "Landowner"), for the purpose of developing and owning a class "A" commercial office building (the "Project") which we expect will include approximately 103,000 square feet of rentable area together with an underground parking facility. The Project is located at 1707 Duke Street in ~~Item~~Alexandria, 2Virginia.01 The ~~above~~term of the ground lease together with initial rent payments will commence upon the Company’s receipt of a building permit from the City of Alexandria which is anticipated in approximately 12 to 18 months and is conditioned upon receipt of all necessary zoning and planning approvals. Upon receipt of the requisite approvals, the construction period is estimated at an additional 12- 14 months. The ~~press~~site ~~release~~includes approximately 0.84 acres of land and is ~~being~~located ~~furnished~~in asa ~~Exhibit~~commercial 99corridor approximately two blocks from the King Street metro station and is located directly across Duke Street from the United States Patent and Trade Office.1 Initial payments under the ground lease are based on the level of leasing at the project and commence upon the issuance of a building permit from the City of Alexandria. The annual payment will increase to $303,100 (the "Stabilized Ground Rent") upon achievement of certain leasing milestones. The Stabilized Ground Rent increases by 2% per annum during the term of the ground lease subject to a revaluation of the land and resulting ground rent recalculation every 10 years from the commencement of Stabilized Ground Rent payments. Prior to the commencement of ground rent payments, the ground lease may be terminated by the Company based on market conditions and the timing and results of the government approval process.While preliminary, the Company anticipates that total development costs will be approximately $30 million to $35 million. The Company intends to develop the Project on a speculative basis, subject to market conditions, and will commence seeking pre-lease commitments within the next 90 days. The Company expects to fund the development costs with proceeds from its revolving line of credit or with new construction financing. In addition, the Company is considering financing a portion of the Project costs by creating an equity joint venture. In accordance with General Instruction B.2 of Form 8-K, the information under Item 7.01 in this Current Report on Form 8-K shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired. The financial statements that are required to be filed pursuant to this item will be filed by amendment as soon as practicable, but in any event no later than 71 days after the date this report is required to be filed.(b) Pro Forma Financial Information. The pro forma financial information this is required to be filed pursuant to this item will be filed by amendment as soon as practicable, but in any event no later than 71 days after the date this report is required to be filed.(c) Exhibits.The following exhibits are being filed herewith this Current Report on Form 8-K.Exhibit No. Description99.1 Press release, dated December 12, 2005

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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.
January 17, 2006	By:	/s/ John A. Schissel
June 20, 2006	By:	/s/ John A. Schissel
		Name: John A. Schissel
		Title: Chief Financial Officer

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Exhibit Index

Exhibit No.		Description
99.1		Press release, dated January 13, 2006

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