The company had considered leasing the property, says RustyMeyers with Cincinnati Capital Partners. "They're a global servicesfirm, they just decided to buy the property," he says. Herepresented the owner Milford Partners LLC, a subsidiary of GriffinCapital, in the sale, along with Jeff Bender, Kim Bertke, JimO'Connell, Thomas Powers and Mike Sullivan from Colliers TurleyMartin Tucker.
The property was built in 1992 by the James River Corp., a papermanufacturer now known as the Fort James Corp., as an industrialfacility. Tata plans a $7 million redevelopment of the building,sources say.
"It was converted over to office use, and at one time hadlaboratories in there," Meyers tells GlobeSt.com. The buildingstill has two tenants in the property, but their leases will be outby the end of the year, he says.
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