Monday, April 13, 2015

Uploaded to Hootsuite by LTM Commercial Real Estate; LTM = Linville Team Mossman

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"10-story downtown building sells for $9.8M, will be rebranded

"An Atlanta-based private real estate investment company has bought a 10-story office building in downtown Greensboro and is working with a Triad brokerage firm to rebrand and lease some of the space.

The Simpson Organization purchased the former U.S. Trust Building, at 301 N. Elm St., last month from 301 North Elm Street LLC for $9.8 million. It was the largest Triad commercial real estate transaction of March and the fifth-largest deal of the first quarter.

About 32,000 square feet of Class-A office space in the 168,500-square-foot, glass-faced building is available, along with naming and signage rights, according to Linville Team Mossman, a brokerage firm that has won the exclusive right to represent the Simpson Organization in the leasing of the building. "

“Our firm is thrilled to represent such a key building in downtown Greensboro,” said Rich Mossman, partner with the firm."