No financial terms of the transaction were disclosed. The four-story properties are currently 67% leased to a variety of tenants including Zurich Insurance, York Risk Services, Ipsos, ICAP and Wallenius Wilhelmsen.

KTGY is working on the project, a historic Art Deco parking garage with new retail and residences on 8th and Western.

Landing at College Square offered buyer MG Properties a suburban, newer construction opportunity located near major employers and multiple transit options at pricing below replacement costs.

Owners will be reviewing contracts for agreements outlined, and what contractual rights and duties exist in light of the conditions caused by the spread of the coronavirus.