News: Front Section
Posted: July 17, 2014
Tritower Financial Group purchases 300 Apollo Drive for $39.4 million
According to Cassidy Turley, a Texas-based insurance company has sold 300 Apollo Dr. to investor Tritower Financial Group for $39.4 million. 300 Apollo Dr. is a LEED silver certified, class A office building of 293,000 s/f. The seller had performed multiple renovations over the tenure of its ownership. The building is currently 100% leased to eight tenants.
Tritower Financial partner and director of acquisitions, Tod Brainard said he looks forward to the opportunities that will result from the new purchase. "This is the perfect time to invest in a property like the 300 Apollo Dr.," said Brainard. "The LEED silver building is in pristine physical condition and is located in an area with a strong history of solid economic growth. We are confident that property will always attract and retain top quality companies moving forward."
Cassidy Turley executive managing director, principal, David Pergola and managing director, Brian Doherty represented USAA Real Estate Company.
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