Office c Nebraska

Investors Realty closes $22 million office sale in Omaha

Investors Realty closes $22 million office sale in Omaha,ph01

Investors Realty has sold the North Park 7 and 8 office buildings in Omaha, Nebraska, for more than $22.4 million.

An affiliate of long-time Omaha developer KVI was the seller. NP78, LLC was the buyer.

The office buildings had a combined square footage of 177,323 square feet and were 100 percent leased at the time of sale. The properties are in North Park, a business park located near the intersection of 120th and Blondo streets.

Ember Grummons of Investors Realty represented the seller. Mark Seger and Dave Barton of CBRE|MEGA represented the purchaser.

Investors Realty has a long history with the North Park development, having worked with the developer to lease the park since the first building was constructed in 1986. Grummons sold six of the office buildings for $70.5 million in 2007 and resold two again in late 2016.