Nathan Afshani And Joshua Afshani Acquire Office Assets In Memphis And Colorado For $63.6M

The transaction involves two office properties located at 1740 International Drive in Memphis, TN, and 1300 120th Ave in Westminster, CO, totaling 668,583 square feet. The sale price for these assets is $63,600,000, which translates to approximately $95 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $63,600,000
• Buyer: Nathan Afshani & Joshua Afshani - AXS Opportunity Fund
• Seller: Peakstone Realty Trust
• Tenant: International Paper (NYSE: IP) & Vantor
• Memphis Broker: John Lamberson & Terry Radford - CBRE
• Colorado Broker: Larry Thiel - JLL
• Attorney: Hamid Joseph Nourmand

This transaction highlights the roles of key individuals and firms involved, including brokers from CBRE and JLL, who facilitated the sale, and the legal representation provided by attorney Hamid Joseph Nourmand, ensuring compliance and negotiation throughout the deal process.