Robert Weisz, president and chief executive officer of RPW, tells GlobeSt.com that the transaction closed on Friday, Sept. 10. He would neither confirm nor deny that the purchase price for the property was $40 million. "It is a very unique opportunity to own a building like this. Properties such as this are not up for sale very often."
CB Richard Ellis' Jeffrey R. Dunne, vice chairman and Steve Bardsley, first vice president, represented the Altria Group. CB Richard Ellis officials also provided no details on the purchase price for the complex.
Weisz says that he plans to convert the former headquarters building into a multi-tenanted property. He plans to spend between $10 million to $12 million in mostly tenant-improvement related work on the conversion.
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