The county and its insurer have paid out more than $1 million in medical claims from county workers.

The acquisition is Kuhn's 10 Downtown asset since he began his hunt for distressed assets in 1994. All of his properties have been rehabbed and are 100% leased.

The East Pine Building has been on the market for the past three years. Potential buyers shunned the property because of its air quality stigma and the estimated cost of $1 million it would take to renovate the premises and re-market it as a prime Downtown office location.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.