Colony Capital Sells Riverside Office Property For $14M

An office property located at 1550 Marlborough Ave; 1737, 1777 & 1989 Atlanta Ave in Riverside has been sold for a price of $14,000,000. The property spans across an area of 128,912 square feet, resulting in a price per square foot of $108.

Summary of transation details

• Property Type: Office
• Transaction Amount: $14,000,000
• Address: 1550 Marlborough Ave; 1737, 1777 & 1989 Atlanta Ave
• Market: Riverside
• Square Footage: 128,912
• Price per Square Foot: $108

The seller of the property is Colony Capital, represented by Thomas Barrack. The deal was facilitated by Kevin Shannon, Ken White, Sean Fulp, Scott Schumacher, and Ryan Plummer of Newmark Knight Frank.