May
17
Out-of-Town Investor Acquires Pictoria Tower for Nearly $26M
ByNew Jersey investor Fairbridge Properties acquired the Pictoria Tower, one of Cincinnati’s trophy assets.
Pictoria Tower, Cincinnati
Cincinnati—Privately held real estate investment company Fairbridge Properties recently announced the acquisition of Pictoria Tower, an eight-story office property located within the Pictoria Corporate Center. Fairbridge paid MEPT Pictoria LLC $25.7 million for the building, which is currently 98 percent leased.
Thomas Powers and James O’Connell, executive managing directors, along with Michael Sullivan, senior vice president of Cushman & Wakefield, represented the seller in the transaction. Cushman & Wakefield will also manage the asset for Fairbridge…
Out-of-Town Investor Acquires Pictoria Tower for Nearly $26M
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