The Bridge Crossing building in Nashville, Tennessee is being acquired for US$46 million, while 105 Edgeview in Denver, Colorado is being acquired for $59.1 million. Both buildings are 100% leased as at June 30, including anchor tenants Comdata at Bridge Crossing and Gogo Business Aviation at 105 Edgeview.
Keppel Pacific Oak US REIT (KORE) is proposing to acquire two office buildings located in Nashville and Denver for a total consideration of some US$105.1 million ($142.9 million), according to a July 28 announcement.
KORE’s manager also announced the launch of a private placement to raise US$65 million which will be used to partially fund the acquisition.
