Naparsteck and Gregory Wright, SVP, represented BridgeDevelopment Partners in the sales transaction. Dave Mitidero andMarc Gensler, both with Epic/Savage, represented the buyer. Thebuilding, which is near Interstate 290, was constructed in 1967 andhas 18 feet clear height and 18,000-sf of office space. Uranus willoccupy about half of the building.
Greenspon had previously been involved in a business that soldorganizing products for the home, and was recently bought out byhis business partners. He decided to use the proceeds to buy afacility for his new business as opposed to rent space, Naparstecksays. Naked Juice has a lease for approximately 100,000 sf in thebuilding through 2010, but currently only occupies approximately1,000 sf, he says. The asking lease rate for the building is $3.75per sf, net.
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