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Posted on: Nov. 19, 2017, 7:01 p.m.
AIG Global Real Estate sold three office properties in Southwest Florida with a relatively low combined occupancy rate for about $102 per square foot. The buyer, Beverly, Massachusetts-based Brookwood Financial Partners LLC, paid $43.2 million for the 421,300-square-foot office portfolio. The portfolio occupancy rate is 83.8 percent, which Brookwood plans to increase by investing about $3 million to improve the portfolio properties. The overall office occupancy rate in Southwest Florida is now 92.4 percent, up ... [more] Full investment news articleRelevent to this post: AIG Global Investment Group,