hertz

August 30, 2016 Comments Off on Hertz Pays $417M For Midwest Portfolio Views: 455 California, Indiana, Midwest, National News, Ohio, West, Wisconsin

Hertz Pays $417M For Midwest Portfolio

Hertz Investment Group of Santa Monica, CA acquired four office buildings in the Midwest, paying seller Equity Commonwealth $416.7 million for the 3.1-million-square-foot portfolio. The buildings included 111 Monument Circle and 101-115 W. Washington St. in Indianapolis; North Point Office Complex in Cleveland; and 100 E. Wisconsin in Milwaukee. The portfolio was 86.5% occupied at closing.

In recent weeks, Equity Commonwealth, headquartered in Chicago, has also sold a 121,901-square-foot office building at 8701 N. Mopac in Austin, TX for $21.5 million. The company has sold $1.1 billion in assets so far this year.

Read More at Real Estate Business Online

Connect with the Hertz Investment Group

Connect with Equity Commonwealth

For comments, questions or concerns, please contact Amy Sorter

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