SOLD
Sovereign Partners LLC Acquires Office Building In Itasca For $24M
2 Pierce Place
Office
489,876 SF
489,876 SF
Sold 1 year ago
Summary
Sale
ILLINOIS
Office
489,876 sqft
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.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Matthew Schoenfeldt
DATE: 02/09/2022
ADDRESS: 2 Pierce Place
MARKET: Itasca
ASSET TYPE: Office
BUYER: Sovereign Partners LLC
SELLER: Piedmont Office Realty Trust
MORTGAGE BROKER: Matthew Schoenfeldt - JLL
SALE PRICE: $24,000,000 (Approx.)
SF: 489,876 ~ PPSF: $49View on map
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Address2 Pierce Place
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