From key fundamentals to a safer investment.

The buyers include Kohan Retail Investment Group, Katan Realty Group, and Ilya Mikhailov.

Additionally, the landlord will invest $300 million in the asset.

Also, vacancies were at a record high.

The site has been vacant for nearly 30 years.

Also, vacancy and asking rents are below the national average.

The company is targeting Midwest and Sunbelt states.

However, the city still ranks as one of the most expensive areas to rent in the country.