The Old Mill Business Campus is a 60,000 SF flex building located in the Old Mill North submarket in Omaha. The property was owned by NewStreet Properties, a company that has demonstrated impressive growth and strategic vision over the past decade. As NewStreet’s portfolio has expanded significantly, the company has proactively streamlined its holdings, choosing to divest select management-intensive assets like Old Mill Business Campus. At 95% leased, the property represented an excellent opportunity to maximize value for all parties involved.

Ember Grummons, CCIM and JP Raynor, JD, CCIM, SIOR were retained to offer the property for sale. Both JP and Ember had history with the property. JP had leased the property for over 10 years and had worked with all of the tenants. Ember’s first office was at the property when he moved to Omaha in 1990. A Buyer was quickly located at a price over the projected sale price, the property was put under contract and closed at the contract price. The Buyer is based in Kansas City and will work on growing their Omaha portfolio as opportunities arise. This transaction highlights the value of long-term relationships and local expertise, with Investors Realty and NewStreet Properties working together once again to bring a successful outcome to the market.