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Four Alaska Buildings Fetch $104M

ANCHORAGE-A partnership of institutional investors buys a four-building, 677,778-square-foot complex that is 100% leased to ConocoPhillips.

By Natalie Dolce | Updated on November 19, 2013

ANCHORAGE-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Stan Johnson Co. has completed the $104-million sale of a four-building, 677,778-square-foot office complex in the heart of Anchorage, Alaska to a partnership comprised of institutional investors. The complex is 100% leased to ConocoPhillips, who will continue to occupy the complex. David Clary and Daniel Herrold of Stan Johnson represented the owner, a privately-held investment and management company.

Anchorage’s office market is tight, according to Clary. “The sale of this complex provides the new owners with a sound, long-term investment.”

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