Currently, the multi-level, 22,000-sf ground floor is occupied by a Bally's fitness center. Ken Mallin, president of Mallin Panchelli Nadel, who negotiated the transaction with his partner Josh Nadel, tells GlobeSt.com the 34,000 sf on the upper floors feature high ceilings, marble and other original decorative elements and are 100% occupied by "office tenants that have been there for many years and are under long-term leases." He says the buyer will continue to operate it as an office building. "At some point it could be converted into residential condominiums," he adds.
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