American Realty Advisors announced the acquisition of three properties in Colorado, Texas and Illinois according to a Denver Business Journal article. The terms of the transactions were not disclosed, nor were the purchase prices of the properties. "The acquisition of these three high-quality core assets reflects a commitment to expanding our portfolio of well-located, income-producing properties that offer exceptional value and amenities to our tenants, but are also likely to generate superior returns for our clients and continued success on a firm-wide level," stated Stanley Iezman, American's Chairman and CEO.
The first property, Crescent VII, is a 135,044 SF six-story Class A multi-tenant office building located in the heart of the Denver Tech Center in Greenwood Village, Colorado. Some of the building’s tenants include United Airlines, Sun Microsystems and Re/Max. It’s also the south headquarters of CB Richard Ellis, though its brokers were not involved in the sale.
Deerwood Apartments is a 186-unit Class A luxury apartment complex in the heart of the affluent Tanglewood neighborhood, one of Uptown Houston's most desirable and exclusive communities. Deerwood offers tenants with spacious floor plans, a modern architectural design, penthouse terrace, tennis courts, pool/spa, putting green, picnic area with gazebo, and an overall first-class environment.
1900 Spring Road is a 100,303 SF multi-tenant office building in the distinguished Oak Brook submarket in the Chicago metropolitan area. The property is ideally-situated near Oak Brook Center Mall, one of the top-performing malls in the country, and offers easy access to mass transit and major expressways. The property enjoys a wide-range of amenities including a deli, a banking center and a conference room available to tenants.
For more news and information visit Blumberg Capital Partners.
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