The process began May 2019 when the CRA accepted a letter of intent to start negotiations. The terms of the deal are now hammered out. CLICK ON THE HEADLINE FOR MORE
CoStar based its analysis on Berger’s overall 2019 transaction volume and measured it against all active brokers in the market. CLICK ON THE HEADLINE FOR MORE
The three-story office building was approximately 82% leased at the time of closing. CLICK ON THE HEADLINE FOR MORE
Berger Commercial's Steve Hyatt and Brian Batchelder represented the seller. CLICK ON THE HEADLINE FOR MORE
Initial office rental rates are expected to range from $45-$50 NNN.
The price equates to $226 per square foot.
Butters Realty & Management represented BHG in the off-market purchase. CLICK ON THE HEADLINE FOR MORE
“Within five months of receiving our certificate of occupancy, the building is almost fully leased out, which speaks volumes about the need for this Class-A facility in this type of mixed-use development.” CLICK ON THE HEADLINE FOR MORE
Senior Sales Associate Jonathan Thiel and Senior Vice President Keith R. Graves, CCIM negotiated the deal. CLICK ON THE HEADLINE FOR MORE
We won’t be meeting in March, but we'll be looking forward to seeing you all in April! CLICK ON THE HEADLINE FOR MORE
