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| Triple Net, LLC Announces Disposition of Emerald Plaza Louis Rogers, President of Triple Net Properties, LLC, announced the disposition of Emerald Plaza on behalf of tenant in common investors. Emerald Plaza was sold to RREEF for over $123, 000, 000. Emerald Plaza was originally purchased in July 2004 for $96, 100, 000 and is the largest full-cycle securitized tenant in common transaction to date. This is the 23rd property Triple Net Properties has sold on behalf of investors in 2005. Emerald Plaza is a 355, 000-square-foot, Class A trophy office tower located in downtown San Diego, California. Emerald plaza is an architecturally unique landmark building with hexagon shapes topped with emerald green neon lighting. The property is leased to 52 tenants, which include HQ Global Workplaces, Foley & Lardner, Mack Barclay, and the San Diego Regional Chamber of Commerce. write your comments about the article :: © 2005 Construction News :: home page |