Hamid Soroudi of Charles Dunn Co., who represented both thebuyer and the seller, tells GlobeSt.com that the new owner isremodeling the property and foresees upside potential by boostingthe occupancy of the building, which was 32% empty at the time ofthe sale.

The office building is a four-story, steel frame structure thatwas built in 1985.

Despite a slow time in the economy and a corresponding slump inthe office market, Soroudi says, the property sold for very nearits asking price.

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