Jon Good Of Appian Investments Acquires Renaissance Plaza Office Tower For $22 Million In Greensboro

The property asset involved in this transaction is the Renaissance Plaza office tower located at 230 North Elm Street in Greensboro, North Carolina. This asset, encompassing 287,464 square feet, was sold for $22,000,000, equating to a price per square foot of $77. The building consists of 19 stories and is currently 65% occupied.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22,000,000
• Buyer: Jon Good - Appian Investments
• Seller: Parker Huitt - Richardson Properties
• Square Footage: 287,464
• Price per Square Foot: $77
• Occupancy Rate: 65%

The key individuals involved in the deal include Jon Good representing Appian Investments as the buyer and Parker Huitt representing Richardson Properties as the seller. Appian Investments plans to undertake upgrades, fill vacant space within the property, and eventually seek to sell it to an institutional investor.