Tamarac Plaza has a total of 355,269 sf, so the sale priceamounts to$104 per sf. Tamarac Plaza consists of one five-story andtwo six-story buildings and sits on 12.6 acres. It is 88%leased.
The CB Richard Ellis investment team of Mary Sullivan, RonUrgitus and Tim Swan represented the seller, a joint venture ofBetaWest, which once was the real estate arm of US West, now QwestCommunications, and DLJ. This is Brookwood's first purchase in themetro area.
"This was an excellent purchase for Brookwood," Sullivan tellsGlobeSt.com. "Tamarac has always enjoyed a high office vacancyrate. And BetaWest and DLJ were very pleased with the price. It wasjust a good deal all around for all of the parties involved."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
