The building stands at 625 Hill St. Built in 1989, it's one of the newer structures in the heart of the city's historic jewelry district.
Dean Heck, a Beitler Commercial Realty Service broker who worked on the deal, says that the buyer, Marmar Properties, was among 15 bidders on the property. The building is fully leased and includes a 275-stall garage that generates about $800,000 a year, Heck says.
Heck and his Beitler colleague, Robert Gray, represented Canada-based seller Manulife Financial Corp., which had foreclosed on the previous owner in 1996. CB Commercial represented the buyer.
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