A modern and thriving 183,000 square foot office building that is part of the larger tree-lined Journal Center Plaza business park in northeast Albuquerque has been sold to an investor from another state.
Listed by Collier’s International real estate, the One Sun Plaza at 100 Sun Avenue NE is a steel-framed, Class A Building with half a dozen floors.
Owned by the Goodman Realty Group, the structure is notable for its three-story atrium featuring flagstone walls, wood veneer panels, limestone flooring, and stainless-steel railings.
The Sun Plaza structure has for decades been a successful property, with a current tenant list that includes the Bank of Albuquerque, Modulus Architects, and the Pegasus Group, among others.
Although neither the buyer of the building nor its selling price has yet been disclosed, Albuquerque Business First is reporting that Goodman Realty bought the structure for just under $16 million some 20 years ago.
Launched in the early 1980s on land owned by the publishers of the Albuquerque Journal, the Journal Center Plaza from the start has been designed as a hub of research, development, and technology companies situated in a village-like, walkable setting.
By Garry Boulard
