Appian Investments Acquires 19-Story Greenboro Office Tower
Article excerpt
Highlighted: the sentence this signal was extracted from
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Appian Investments acquired the Renaissance Plaza in Greensboro. The 287,000-square-foot office tower was purchased for $22 million. CBRE's Patrick Gildea, Matt Smith and Greg Wilson represented the seller, Richardson Properties, in the transaction. Renaissance Plaza is a 19-story office tower located at the corner of North Elm Street and Abe Brenner Place in the heart of downtown Greensboro. Delivered in 1990, the property features a two-story atrium lobby, an attached six-level parking deck with 300 spaces, an on-site cafe and floor-to-ceiling glass overlooking the city's central business district. Richardson Properties completed nearly $4 million in capital improvements in 2023, including renovations to the lobby and common areas, elevator upgrades and enhancements to key building systems. The property is anchored by a roster of longstanding tenants spanning the financial services and legal sectors, including Arch Mortgage Insurance, Brooks Pierce, Fox Rothschild, Schell Bray and RSM US. Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married...
Keep reading with a free account
The rest of this article, and every signal for CBRE, is in your free account.
