Credit Counselors of America Inc. purchased a 21-acre parcel at the southwest corner of 19th Avenue and Monona Drive for $7.4 million. The property is less than a mile from Interstate 10 and just a quarter mile from the Loop 101, which is under construction.
The debt consolidation agency plans to build a 240,000-sf office building on the site, which will serve as a regional campus. Cuervo Development Co. is building the project and is scheduled to commence construction this spring.
Real estate investor Keshvar LLC was the seller of the parcel.
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