The 28-story One SeaGate is located off Summit Street on theshore of the Maumee River. The building offers floor-to-ceilingglass curtain walls and unobstructed views of the Maumee River andLake Erie, CB Richard Ellis officials note. Its 20,000-sfrectangular floor plates are among the largest and most efficientin the market. AXA Towers, located at 100-120 Madison St. inSyracuse, is comprised of two 19-story towers that are connected bya five-story wing. Both buildings are considered trophy assets andamong the largest office properties in their respective markets,CBRE officials say.

Jeffrey Dunne, Patrick Bisceglia and Todd Newman of CB RichardEllis' New York Tri-State Region Institutional Group along withHarlan Reichle of CBRE's Toledo office and Harry Harkaway of thePioneer Cos. represented the RVI Group. CBRE also procured thebuyer in the transaction.

"Both properties represent excellent 'value-add' investmentswith huge upside potential," CBRE's Dunne says, "from the lease-upof 400,000 sf of vacancy at One SeaGate and 213,000 sf at AXATowers. AmTrust should fare well with their investment."