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Landmark Center sold to Michigan firm

January 10, 2008

A Michigan-based investment firm has paid more than $30 million for the 12-story Landmark Center at 1099 N. Meridian St.

Quantum Investments bought the property from Illinois-based Westminster Funds, said Jenna Rowe, a spokeswoman for CB Richard Ellis, which marketed the property.

Rowe said the sale price was between $100 and $125 per square foot, but she would not give an exact price. The 298,000-square-foot building is 98-percent occupied.

Landmark Center was last assessed for tax purposes at $23.5 million.
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