The Park Center Plaza office complex in Independence changed hands Jan. 6, 2017 for $49.95 million. Lee & Associates broker Joseph Greenberg leads the locally-led investor group.

Stamford, Conn.-based private equity fund Five Mile Capital Partners placed a big bet early on the Rockside Road office market, and it just reaped a big part of its reward.

Through FMC Investment Opportunities Cleveland Office Portfolio SPE llc, Five Mile on Jan. 6 sold the Park Center Plaza trio of buildings in Independence for $49.95 million.  READ MORE