Last Updated: February 10, 2012 ET

Capitol City Business Center Trades for $31M

By GlobeSt News Hub
Print Email Share Reprints News Tip? Get Alerts
Disable this ad

Build your business NOW, subscribe to the NEW GlobeSt.com

Membership is FREE and provides access to a world of timely information, expert insight and analysis, and an unparalleled array of resources not available from other commercial real estate media outlets. SIGN UP today by simply selecting which free email alerts you would like to receive (unlimited) and immediately begin to experience the business building advantages of GlobeSt.com.

Begin the easy registration process by selecting the email alerts you would like to receive and then click SIGN UP.

Already a member?
Log-in here.

SALEM, OR-Government Properties Income Trust has purchased the Capitol City Business Center, a 233,135-square-foot office complex at 4600 25th Ave. in Salem, for $30.9 million. The Boston-based REIT has bought the complex from a joint venture of Angelo, Gordon & Co. and Meriwether Partners LLC.

The Capitol City Business Center was built in 1977 and refurbished in 2007. Jones Lang LaSalle's Aaron Herter, Buzz Ellis, Mike Seifer and Paige Morgan negotiated the deal on behalf of the seller. For the full story, go to Portland Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Categories: West, Sales, Acquisitions/Dispositions, Scope, Portland, OR

GLOBEST.COM B2B FEATURED SERVICE PROVIDERSAdd your company

Apartment Bank Coldwell Banker Commercial Green Courte Partners Lone Oak Fund

RELATED CONTENT

Portland, OR
Events & Networking
Distressed Assets
GlobeSt.TV Videos

LOCATE A SERVICE

Featured Advertisers

Property Alert

Post Your Property

User's Choice

Dalian Wanda Takes AMC Theaters for $2.6B

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.