CHICAGO-The Applied Communications, Inc. Building in Omaha, NE is being sold by Kansas City, MO-based Maxus Realty Trust, Inc. for nearly $8 million. The REIT has owned the 70,000-sf, single-tenant office building since 1986.

Maxus Realty Trust has a contract to sell the property, one of two office assets in its portfolio, to Nebraska-based SGD Investments, Inc. The sale is subject to SGD Investment’s due diligence as well as receiving approval from the mortgage holder to assume Maxus Realty Trust’s debt on the property.

Maxus Realty Trust also says the sale could become part of a Section 1031 exchange. It most likely would acquire a multifamily property, as it continues to move toward that sector. Assuming the sale closes, the REIT’s sole office asset would be the 89,000-sf Atrium Business Center in Bloomington, MN, which it has held since 1985. Meanwhile, Maxus Realty Trust has five multifamily complexes, totaling 812 units, in Little Rock, AR; Olathe, KS; Topeka, KS and Kansas City.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.