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January 10, 2018  

Wis. Offices Marketed as Core Play

A developer is asking $116.5 million for six Class-A office buildings and an industrial property in Madison, Wis.The 505,000-square-foot package is being pitched to core investors based on its quality, high occupancy rate and stable rent roll. A sale at the valuation of almost $231/sf would produce a 6.7% initial annual yield.The offering is drawing interest from a mix of foreign and domestic investors seeking higher yields than can be found in...

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