Located at 8101 N. High St., Northwoods II is approximately 99% leased, according to a statement by Santa Ana, CA-based Triple Net. The building's 16 tenants include Molina Healthcare Inc, WFS Financial and AIG. The building is situated on six acres along Route 23. The property's ample parking includes 424 surface spaces and 29 underground executive spaces.
Financing for the acquisition was provided by La Salle Bank and arranged by Eric Tupler and Kirk Danley of CBRE Melody. Stecz of CB Richard Ellis represented the seller.
In another recent Ohio transaction, Triple Net purchased 250 East Fifth St., a 537,400-sf office tower in Cincinnati for $92.75 million. The class A building was 78% leased at the time of the acquisition in late October. Company officials could not be reached for comment.
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