Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC—As we reported yesterday, a source told us that Park Place had traded for $62 million. Today one of the brokers of the deal confirmed the transaction, which closed on Oct. 6, and gave some additional details behind the deal—namely that it was an off-market transaction and that the fundamentals of the Petwork market are intriguing not just to TA Associates, the seller, but other institutional investors as well.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.