Rosemont Capital Completes Acquisition of One Federal Place
BIRMINGHAM, AL-Rosemont Capital Group has purchased the fifth largest office tower in Birmingham following its acquisition of the previous owner of the building. The real estate firm based in Santa Fe, New Mexico, is moving One Federal Place, a 10-story office tower, to a different fund after purchasing the BGK Investment Group, the former owner of the building, in 2010.
BKG purchased the 300,012-square-foot building from a joint venture of Atlanta-based Barry Real Estate Cos. and Sloss Real Estate Group Inc. in 2005. For the full story, go to Birmingham Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Be sure to visit GlobeSt.com's NEW Sectors-to-Watch page for in-depth looks on the Hotels, Industrial, Multifamily, Office, Retail, Student Housing, Net Lease and Healthcare Real Estate markets.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.