As we reported in 2011, Douglas Development and McCaffery Interests had teamed to buy the building’s debt from its colorful landlord, Yeni Wong, then converted it to equity out of foreclosure. After a gut-rehab, they fully leased up the first and second floor retail space (to a state-of-the-art Walgreens, as well as Panera Bread and Sports Zone Elite) and the upper floor offices (mainly to Auto Alliance).
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