A $55 million floating-rate loan was provided for the acquisition of the property. The 11,200-square-foot retail component of the building is leased long-term to national retailer Anthropologie. 5-story office building.
The property sold for $23.25 million. The price represents a stabilized capitalization rate of about 5.45 percent. In addition to the apartments, the building has two retail spaces with selling basements.