BROOKFIELD, WI-A California-based private 1031 exchange investor has purchased the Thomson Reuters building here, an 85,000-square-foot office, from a special servicer for $14 million. The seller was a unit of CW capital as special servicer for a Wells Fargo issuance.

Thomson Reuters fully occupies the three-story property, and has 10 years remaining on the lease, says Craig Tomlinson with Stan Johnson Co. He represented the buyer. Kenneth Braden, Michael Hanrahan and Paul Hilton represented the seller.

The building had been owned as part of a Bentley Forbes portfolio, but the property was turned over to CW through a deed in lieu. The building, called Chancellory Park II and located at 350 N. Sunny Slope Rd., was built in 1984 and renovated in 1994.

Tomlinson tells GlobeSt.com that the single-tenant deal made sense, as the tenant has a high credit rating and a long-term lease, a deal that’s going to close well in this market. “People are choosing to work on deals that can get done,” he says. “In 2009 and even into 2010, there was uncertainty, and people weren’t sure where to spend time. Not there’s a better feel of what can close, and the passage of time is affecting pricing. Our business is going great, last year we were up 165%, and we see that continuing.”