In January of this year, ownership of the structure changed hands when intellectual property law firm Greenblum and Bernstein PLC, also a tenant at 1950 Roland Clarke with over 48,000 sf, acquired the building from Hartford, CT-headquartered insurance company Cornerstone/Mass Mutual for $11.5 million or $150 per sf.
"The new ownership is making dramatic improvements to the building," explains Advantis/GVA's Jim Meisel. Meisel and colleague Dek Potts represented the property owner in the deal. "This renewal and extension allowed the landlord to stabilize the building on a long-term basis," he adds.
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