"I know you hear that all of the time and it's something of acliché, but in this case it is absolutely true," he adds. That'sbecause the Garts already own two other buildings adjacent to thisone at 2930 E. Third Ave., says Jones, who handled the transactionwith Kevin McKinnon, Jonathan Jones and Mike Carter of TranswesternCommercial Services.
Jones and the Transwestern team represented the seller of the41,880-sf building, the Borgen Investment Group. Erik Borgen soldFounders Asset Management to Mellon Financial in 1998 for $270million.
Founders' lease on the building concluded at the end of March,Jones says. "Everybody wanted to buy it, but no one was (except theGarts) willing to pay a price that the seller was willing toconsider," Jones tells GlobeSt.com.
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