Fort Worth-based Crescent Real Estate Equities Co. last weekannounced the asset's sale, but withheld the buyer'sname. It took longer than usual to nail down theinformation due to the holiday week.
Andrew White, senior vice president and western regional managerfor Philadelphia-based BPG Properties Inc., says the first stepwill be to rehab the 1201 S. Alma School Rd. building. Work will becompleted within six months on lobbies, common areas, lighting andceilings. The goal is to be ready to market the 77%-leased buildingto tenants by January 2008, he adds.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
