Sovereign Partners LLC Acquires Office Building In Itasca For $24M

Sovereign Partners LLC has acquired an office property located at 2 Pierce Place in Itasca. The transaction was facilitated by Piedmont Office Realty Trust, the seller. The property spans approximately 489,876 square feet and was sold for an estimated price of $24,000,000, resulting in a price per square foot of around $49.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $24,000,000 (Approx.)
• Address: 2 Pierce Place, Itasca

Matthew Schoenfeldt of JLL served as the mortgage broker for this transaction. Our congratulations to Sovereign Partners LLC on their acquisition of this office property.