The Virginia investor, through its Oakridge Financial Associates LLC affiliate, paid Raleigh, NC-based Highwood Properties Inc. $22.18 million or about $70.28 per sf for the 21.7-acre property anchored by AT&T in a seven-story, 186,275-sf building.
Other Oakridge Park tenants are Florida Southern University, Stenotype Institute of Jacksonville, FL, and Broadwing Inc. The five buildings were constructed between 1966 and 1983.
"The acquisition of Oakridge Office Park is a key component of our strategy," HGI chairman Jordan E. Slone says in a prepared statement. "It is a prominent office park, primarily occupied by AT&T on a long-term lease."
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