The seller was Castle Lanterra and the buyer was Capital Square 1031, which acquired the 328,066-square-foot building for nearly $200,000 per unit.

The unit sale prices at the downtown condominium tower start at over $4 million.

“One key thing we look at refinance risk. We have to project forward economic conditions of the property ten years in the future.”

Fortinet’s new building will include advanced technologies, such as a precast concrete structural system with a passive cooling system and night purge that flushes warm air to provide energy savings.