The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
The seller originally acquired the property in 2017 for $12.2 million.
According to local brokers, asking rents in excess of $100 per square foot are prompting more companies to explore suburban alternatives. That shift is helping spark new office construction outside the urban core.
The project will feature 140,000 square feet of premier office, retail, and hospitality space.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.
The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
The seller originally acquired the property in 2017 for $12.2 million.
The deal closed as-is with no inspections in just 30 days.
