"These bold operators that are beginning to forge the next generation of flexible office space aren't always the biggest but they are the ones thinking critically about what will sustain them into the future."

The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.

The five building, 292,110-square-foot industrial/flex portfolio was sold by Endurance Real Estate Group, LLC of Blue Bell, PA and Thackeray Partners of Dallas.

Empire State Realty Trust Opens Its New Second Floor Gallery