The 6,708-square-foot building had been actively marketed by The Boerke Company for only three months before it was put under contract by the qualified buyer. This shows that continued interest exists from investors for buildings in the Third Ward.
“We ended up having a bidding war on the property, and even interest in the property from potential buyers after they were told we had other offers on the table,” said Boerke Company’s associate director Kristian Sydow in a written statement.
LAS Investments, LLC is the buyer. The company has expressed interest in leasing the first floor space for retail, while plans for the two upper floors are still being finalized.
© 2014 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or firstname.lastname@example.org