Robert Weisz, president and chief executive officer of RPW,tells GlobeSt.com that the transaction closed on Friday, Sept. 10.He would neither confirm nor deny that the purchase price for theproperty was $40 million. "It is a very unique opportunity to own abuilding like this. Properties such as this are not up for salevery often."
CB Richard Ellis' Jeffrey R. Dunne, vice chairman and SteveBardsley, first vice president, represented the Altria Group. CBRichard Ellis officials also provided no details on the purchaseprice for the complex.
Weisz says that he plans to convert the former headquartersbuilding into a multi-tenanted property. He plans to spend between$10 million to $12 million in mostly tenant-improvement relatedwork on the conversion.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
