The five buildings in the project were built between 1963 and 1973. The overall occupancy was 97% at the time of sale.
''Bryant Street Quad & Annex have been outstanding performers in the Bedford portfolio,'' says Murray Platt, who handled the sale with fellow Grubb & Ellis brokers Doug Viseur, Tom Wanberg and Chad Brue. ''These properties have consistently maintained occupancy levels at or near 100% over the six years that Bedford owned the properties."
The properties will only improve under the new ownership, Viseur comments.
''The buyer plans to make some immediate capital improvements to the property to increase the property's overall appearance,'' Viseur says.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
