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Three Boulders Office Park Building Sell for $33M

CHESTERFIELD COUNTY, VA-SugarOak Properties and a group of investors snap up three buildings at the Boulders Office Park from Principal Financial Group for $32.5 million. The three Class A office structures account for approximately 270,000 sf of space.

By Barbra Murray | Updated on May 23, 2002

CHESTERFIELD COUNTY, VA-Three buildings accounting for about 270,000 sf of space in the 11-structure, Boulders Office Park have sold for $32.5 million to SugarOak Properties LLC and a group of five investors. The seller–Principal Financial Group of Des Moines, IA, which developed the 800,000-sf park in 1984– retains ownership of the park’s remaining eight buildings.

Boulders Park manager CB Richard Ellis represented both SugarOak and Principal in the negotiations, and is marketing the remainder of the business park at $109 million.

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