MINNEAPOLIS-On behalf of its investors, London-based Strategic Real Estate Advisors has acquired the one-million-sf Fifth Street Towers Downtown, as well as a 412,000-sf office building called RiverPark in Norwalk, CT. The properties were purchased for $294.4 million from CBRE Investors.

John Carter, EVP for the real estate firm Carter, advised StratREAL on the deal. His company will take over management of the two assets. “The company views these two markets as improving markets,” he tells GlobeSt.com. “StratREAL is also definitely taking the long-term view; they don’t buy with the intention of selling in a year or two years.”

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