Rreef paid about $70 million ($222 per sf) for the property,local real estate sources tell GlobeSt.com.
Vacancy in the building is about 66,000 sf or about 21%,according to officespace.com. Two full floors--14 and 15--compriseabout half the vacancy; both floors have been on the market since2004. Neither the leasing brokers nor the selling brokers respondedto requests for comment. The buyer and seller also wereunavailable.
One Main Place was built in 1980 and last renovated in 1999. Thebuilding is home to about two dozen tenants, including eightdifferent law firms. The largest tenants are Northwest RegionalLabs (53,000 sf), the Ball Janik law firm (41,000 sf) and theFederal Public Defenders' office (25,000 sf). The startingfull-service lease rate for recently signed deals is around $22 persf, according to local sources.
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