AKRON, OH—A recovery has taken hold in many suburban office markets, and investors have started to see properties there as a solid risk. For example, Rubenstein Partners, LP and its partner, an affiliate of Mark Munsell, just closed the sale of a seven-building office portfolio in Fairlawn, OH, a leading suburban submarket in the Akron metropolitan area, for $30 million to Embassy Park Akron LP, an affiliate of New York based Group RMC

When Rubenstein acquired the overall portfolio of ten buildings in 2012, it had an occupancy rate of about 68%, and today the seven buildings sold are at 80% occupied.

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