Rreef Securities Trust Real Estate Securities Fund is unloading its Mountain Pacific Project buildings along Northup Way.

Pacific Real Estate Partners, which leases the project on behalf of RREEF, has been asked by the real estate investment trust to sell the site, according to reports. RREEF bought the twin brick buildings (90,000 sf) from pension fund advisor All-America Realty Advisor in 1997.

Now, as a matter of shifting its portfolio allocations, the company is ready to sell. Broker speculation is that the project could bring Rreef $20 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.