Multiple rounds of bidding yielded the sale, in which theHartford-based Cornerstone Real Estate Advisors moved the propertyon behalf of an unnamed client. The deal was brokered by Cushman& Wakefield's Metropolitan Area Capital Markets Group's AndrewMerin, Jose Cruz, David Bernhaut and Gary Gabriel.

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The acquisition offers up a value-add for the new owner. Whileseven tenants are still in the building, 36% of its space, or about50,000 sf, is currently vacant. That vacancy is the result of thegradual pull-out of a major tenant, shipping giant Maersk.

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"This property presents a compelling opportunity to add value byretenanting the space with small to mid-size firms looking for aninstitutional-quality work environment," says Cruz. "The buildingis attractive in this underserved class A tenant sector, whichremains consistently active in the local submarket."

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The offering drew more than a dozen bids, according to Merin."It was highly sought after and ultimately was a terrific strategicplay for Zirinsky," he says. The sale price was not released, butindustry sources put the number in the $20-million range.

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The three-story brick-clad building sits on 9.7 acres withinSouthgate Corporate Center. Its features include a centralfull-height glass atrium lobby with a spiral staircase thatseparates the building into two wings.

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