Yesterday we reported on the secrecy of the 246 1st sale to CIM, and we just found out some more details about the South Financial District transaction. It was an off-market deal, a source tells us. Apparently CIM made an offer that sellers Stockbridge and Newcastle couldn’t refuse. Ironically, Stockbridge and Newcastle bought the deal in an off-market sale about a year and a half ago. (Don't let the market complicate a good thing.)
Case Cracked on 246 1st
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