Over 250,000 square feet of office space near the I-17 and 101 freeways sold Tuesday in a bank sale for just under $27.5 million, or $109 per square foot. Cohen Equities is the new owner of these offices, encumbering the property with $29.5 million debt with Taconic Capital. The sellers, special servicer LNR Partners, had acquired these assets at CMBS trustee auction in 2012.
Blackhawk Corporate Centers and Northgate Business Center rest on 24.4 acres of land. The 252,350 square feet of space is divided among three single-story buildings built in 1997 and 1998.
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