Brookwood Financial Partners, L.P. Announces the Purchase of 600 Sable Oaks Drive in South Portland, ME.BEVERLY, Mass. -- Brookwood Financial Partners, L.P. ("Brookwood") announced that its affiliate, Brookwood Sable sable, species of marten, Martes zibellina, found in Siberia, N European Russia, and N Finland. This carnivorous mammal is highly valued for its thick, soft fur, which is dark brown or black, sometimes with white underparts and sometimes flecked with silver. Oaks Drive, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , has purchased 600 Sable Oaks Drive in South Portland, Maine South Portland is a city in Cumberland County, Maine, United States. As of the 2000 census, the city population was 23,324. Geography South Portland is located at (43.631549, -70.272724)GR1. for $16,800,000. This is the first acquisition by Brookwood in the South Portland South Portland, city (1990 pop. 23,163), Cumberland co., SW Maine, on the Fore River and Casco Bay, part of the Portland metropolitan area; separated from Falmouth (now Portland) as part of the town of Cape Elizabeth 1765, separated from Cape Elizabeth and inc. 1898. market. 600 Sable Oaks Drive is a three-story office building, containing 97,376 rentable square feet, situated in the suburban campus of Sable Oaks Business Park. The property is within one mile of Interstate 95 and Interstate 295 and five miles south of Downtown Portland Downtown Portland is located on the west bank of the Willamette River in Portland, Oregon. It is in the northeastern corner of the southwest section of the city and is where most of its high-rise buildings are found. . The building is near the Sable Oaks Golf Course, which was rated the second best course in Maine by Golf Digest. The building, constructed in 1993, was originally 100% leased to G.H. Bass Co., a division of Phillips-Van Heusen Company. G.H. Bass has subleased the second and third floors to national tenants, Seligman Data Corp. and Reliance Standard Life Insurance. Brookwood purchased the building in a recently closed fund, which will acquire between $150 to $200 million of properties in several markets. "This building fits well with our investment strategy as it will provide us with stable cash flow," stated Thomas N. Trkla, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Brookwood. "The quality and location of the building, along with the extremely low vacancy rate in the submarket, will allow us to preserve and increase the income stream generated by the building over the long-term," he continued. Tony McDonald of CB Richard Ellis/The Boulos Company represented the seller, PVHM, LLC, in the transaction. About Brookwood - Brookwood is a Massachusetts-based private equity firm that acquires real estate and invests in private companies. Since 1993, Brookwood has acquired 46 properties totaling approximately 7.2 million square feet of office, retail and research & development space as well as 143 hotel rooms, 138 condominium units and 572 apartments units. Brookwood has acquired real estate assets throughout the United States including Arizona, California, Colorado, Florida, Georgia, Maryland, Massachusetts, Maine, New Jersey, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Texas, and Virginia. In addition, Brookwood has invested in seven private companies in the wireless telecommunications, restaurant, software and outsourcing industries. Brookwood has invested over $324 million in equity to acquire assets with a realized and unrealized value of approximately $1 billion. |
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