CB Richard Ellis brokers Jack Fraker, Scott Davis, Tim Owens and Darla Longo had the disposition assignment. Davis tells GlobeSt.com that the property came to market in October and garnered very strong interest from institutional buyers. With no significant rollover on the horizon and the market improving, Davis says the value add lies in increasing the property's curb appeal, remodeling the common areas and then leasing up the vacant space.
CBRE continues to manage and lease the property during the transition. Eventually, Rreef will assume management. No additional information was available with regard to the leasing assignment, which is currently handled by CBRE.
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