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Best Buy A private investor purchased a 46,432-square-foot stand-alone retail building in Peoria, IL.

MCALLEN, TX—Three recent transactions represent a rising trend of local investors looking outside of California for a particular asset class. MetroGroup Realty Finance recently provided a total of $11.75 million in financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas, which represents a larger phenomenon, according to JD Blashaw, vice president of MetroGroup Realty Finance.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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