A group of hush-hush investors from Salem calling itself Vancouver Investors Group LLC, recently bought four buildings at Van Mall Professional Plaza for $10.75 million – the biggest office sale of the year so far, said Brian Sullivan of Coldwell Banker Commercial Jenkins-Bernhardt Assoc.
Sullivan, with Trevor Sosky and Joe Sosky of Coldwell Banker Commercial, represented the seller, Van Plaza LLC, in the transaction.
The two-year-old Class A office buildings, which range from 15,000 to 20,950 square feet each, are 17 percent occupied, said Elaine Gesik, buyer’s agent and leasing agent for the property at Salem-based First Premier Properties.
There will be a First Premier leasing office on the property in the near future.
The unoccupied space is in cold shell condition and likely require a six-week build time from the issuance of permits, she said.
This is the investors’ first commercial property purchase in Washington, Sullivan said, and they are trying to attract professional office tenants, Gesik said.
"It was a good deal," Gesik said, explaining why the investors ventured to Vancouver.
— Megan Patrick
