The shell buildings sold for approximately $127 per square foot.
Cushman & Wakefield’s Equity, Debt and Structured Finance team secured $102 million in acquisition financing through PIMCO on behalf of the buyers.
Banyan Street Capital, a Miami-based private equity firm focused on acquiring and operating office properties, purchased the property in a joint venture with a fund managed by DRA Advisors.
Mike Davis, Rick Brugge, Rick Colon, Mark Hardee, and Zach Eicholtz of Cushman & Wakefield represented the seller, McDonald Development Company, in the transaction. LBA Logistics acquired the property. CLICK ON THE HEADLINE FOR MORE
Liberty Property LLP last sold the asset in November 2015 for $35,500,000. CLICK ON THE HEADLINE FOR MORE
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