The sale forms part of Lucette's plan to sell $271 million of assets. The building offers 267,590 square feet of office space and 289 parking spaces and is rented to companies including Regus, Expansience, Gefco and Ace.
It was acquired by Lucette in 2006. The sale is due to be completed before the end of the third quarter.
Icade, controlled by French state financing institution Caisse des Depots, agreed to take over the Morgan Stanley-controlled Lucette late last year in return for an undisclosed price that included an equity stake and cash.
© 2025 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.
