$130 Million Preston Center Offices Sold. Again.
For the second time in four months, Preston Center office buildings Sterling Plaza and Preston Commons have been sold to CB Richard Ellis Investors, according to the DBJ, which puts the sale price at $130 million. It is the second time the buildings have been sold since March, when Chicago-based real estate investment firm Capri Capital Partners LLC purchased the more than 700,000 square feet of office space. DBJ portrays this as a sign of an improving real estate market. Fingers crossed.
