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The portfolio is fully leased to seven tenants.
The renovation is designed to create an experiential office project.
Tavalo plans to develop eight communities totaling 2,100 build-to-rent units.
The 357,115-square-foot Crossroads Center of Roseville is 97% occupied.
Wilson Sonsini Goodrich & Rosati will occupy space that is expiring in 2024.
The 6,500 square foot buildings traded for $4.8 million.
The REIT acquired the hotel in 2014 for $59 million.
The pricing on the hospitals is "significantly better" than anticipated, Green Street says.
Avanath plans to update the parking garage and make other improvements to the property.
The property consists of four buildings totaling 603,000 square feet on 30.5 acres.