Building purchased for $130/sf, which equated to 70% of replacement cost.
BHC discovered this opportunity and presented it to the investment committee to be added to the fund. After deliberation, it was decided that this property not be added to the fund. Once the fund passed on it, Bespoke’s CEO, Blair Eklund, saw the building's upside and acquired it on his own.
Tenant vacates after their lease term and we struggle to find a new tenant
Sold
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