Done Deal: Cityplace Center Sells for $125M

DALLAS-The largest value-add deal in the region has finally closed–the 1.3-million-sf Cityplace Center. Brandywine Realty Trust, inheriting the asset in the Prentiss Properties Inc. takeover, has passed the deed to Ashkenazy & Agus Ventures LLC for $125 million.

GlobeSt.com has confirmed with the Boca Raton, FL-based Agus that the deal’s done for the 2711 N. Haskell Ave. block, but all dealmakers say details need to come from president Jonathan Agus, who wasn’t available for comment prior to press time. On the Ashkenazy Acquisition Corp. front, Rick Greenberg, executive vice president of the New York City-based investment group, says he’s not aware of the acquisition, but “it’s a large company.” He previously told GlobeSt.com that the company had backed away from the table, which it had at one point but then returned.