The two buildings total 157,510 square feet and are 87.6% leased.
Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.
Scott O'Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi and Miguel Alcivar of Cushman & Wakefield represented the seller in the transaction.
The final sale price equated to more than $202 psf.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Bridge acquired the asset in September 2016 and has executed more than 265,000 total square feet of leasing agreements since, including approximately 235,000 square feet within the past 18 months. CLICK ON THE HEADLINE FOR MORE
