The facility is the only class-A office property in Oak Ridge, 15 miles northwest of Knoxville. It was built in 1980. Its atrium, lobby and medical-tenant areas were recently renovated.
Kevin Markwordt, senior managing director, and Jon Kleinberg, vice president of Insignia/ESG's Atlanta Capital Advisors are representing Chicago-based LaSalle Bank National Association in the sale.
Markwordt tells GlobeSt.com, "the offering price is 29% of the replacement cost," and estimates it would cost $19 million to build a new, similar facility. He says Jackson Plaza is the only area facility that can offer up to 50,000 sf of contiguous space.
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