"Oceana Place's combination of strong, stable tenancy, excellent location and quality construction attracted a number of potential buyers," says Jason Oliver of the Divaris Investment Sales Group. At the time of the deal, Oceana Place, which sits on 7.5 acres at 448 Viking Dr., was 90% leased. Divaris had been marketing space in the building at $16.75 per sf.

Oceana Place got its start back in the early 1990s when developer John Mair joined forces with Phoenix Home Life to build the three-story structure. Additional features have since been put in place to help attract and retain tenants; a plan that has apparently worked out well given the occupancy level. When former tenant AllState relinquished its outparcel building a few years back, the property owner decided to create a 1,200-sf conference room and a fitness center in the vacated space.

Among the list of current occupants at Oceana Place are architectural and engineering firm HSMM, which has a 14,500-sf space, and real estate investment and development firm Sandler & Sons, which makes its home in 12,000 sf. Divaris will stay on to handle leasing for the new owner.