County to start talks about buying PNM building
Dan Mayfield
Reporter-
Albuquerque Business First
The old PNM building on Silver Avenue Downtown may soon have a new owner: Bernalillo County.
At Tuesday night’s Bernalillo County Commission meeting, the commission voted unanimously to allow County Manager Tom Zdunek to negotiate with the owners of the building to purchase it. The building has been listed for sale at $11.1 million with Colliers International New Mexico.
The seller is Albuquerque Plaza Associates LP, an affiliate of Minneapolis’ Hunter Keith Industries, which built Alvarado Square expressly for PNM Resources in 1981. PNM is consolidating its Downtown Albuquerque operations and no longer needs the space, but has one year left on its lease.
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