The buildings' ownership, a joint venture between Onyx Equities and Invesco, was represented in the transaction by Susan Lulla and Robert Fisher. As reported by GlobeSt.com, Lincoln Equities and partners Investcorp and Crow Holdings sold the complex to Onyx and Invesco in 2005, with Lincoln staying on as leasing/management agent.
AON, meanwhile, was represented by David Sherman, Marc Trevisan and Robert Weber of CB Richard Ellis. Terms of the lease were not disclosed; available space in the complex is currently listed with an asking price of $30 per sf.
Onyx and Invesco recently completed renovations on the 12-story buildings, a project that began when the property was acquired two years ago. The multimillion-dollar capital improvement program included all of the buildings' common areas including lobbies, exterior upgrades and a new fitness center operated by Push Fitness.
"AON was impressed with the capital improvements," Trevisan says. "It's one of the best maintained and operated buildings in the market, and that is evidenced by the high-credit tenants it attracts."
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