Eldad Blaustein, a principal at Horizon Group, did not return a call. While Grubb & Ellis' Capital Markets Group, which was retained to market the property, and a spokesman for the 13-story property's owner, World-Wide Group, also declined to comment.
Last year, Grubb & Ellis said in published reports that the office building, built in 1924, is ideal for a residential conversion. According to CoStar Group Inc., the lobby and elevators were recently renovated and 75% of the property is occupied by city government offices. World-Wide Group acquired the building in 1998 for $14.5 million, CoStar said.