ALBUQUERQUE, NM—Grubb & Ellis New Mexico has sold the 7,000 square-foot Otoño Plaza office complex for $1 million. The buyer, according to the Albuquerque Business Journal, is Great River Technology, a digital video and data development tools company that services the military aerospace industry.
Grubb & Ellis says the six-building freestanding office park located at 4910 Alameda Blvd. NE was built in 2004. The Grubb & Ellis team of John Ransom, Tim With and Keith Bandoni, which closed the sale, had marketed the property at $150 per square foot.
The building had been owner-occupied by Market Finders Inc., a local insurance broker.
Click Albuquerque Business Journal to read the full story.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
