PARIS—CBRE Global Investors has completed the acquisition of the Marengo building in Paris.
The mixed use office/retail building is located next to the Louvre Museum, in one of the most attractive areas in Paris. The vendor was a fund managed by Morgan Stanley Real Estate Investing.
The property has a total surface area of 9,000 sq m fully occupied by 15 tenants including the Musée du Louvre, Cityrama, and Club Med Gym.
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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.
