NAI NP Dodge Brokers Sale of Iconic Orpheum Tower
Omaha, Neb. (Jan. 4, 2016) – Associate Broker Nancy Lazer of NAI NP Dodge successfully brokered the $15 million sale of the iconic Orpheum Tower Apartments at 405 South 16th Street in downtown Omaha.
The sale included a 147,584-square-foot building and an attached parking garage. The seller was Burlington Capital Group and the buyer was Orpheum Tower, LLC. The deal closed on December 16,
Built in 1910, the 16-story building contains 132 apartment units and rises above the historic Orpheum Theatre, a 2,600-seat, Vaudeville-era theatre that is now home to Broadway touring productions.
NAI NP Dodge is the commercial real estate division of NP Dodge, Omaha’s largest full-service real estate company. The firm is one of Omaha’s most diverse commercial real estate agencies, offering leasing of offices, retail centers, industrial buildings and mini-storage facilities. Sales include all types of land, owner/user facilities and investment properties. In addition, professional property management is available for the sales and leasing services provided.