SCOTTSDALE, AZ-The net-lease REIT, formed in August 2003 by two former GE Commercial Finance executives, makes a public run with a portfolio of 180 properties in 29 states and binding agreements to buy another $47.1 million of real estate.

LEAGUE CITY, TX-Fowler Partners Acquisitions acquires South Shore Lakes, a 328-unit complex at 3850 FM 518 East near NASA from Hettig-Kahn. The Larkspur, CA-based investor receives $13.4 million in acquisition financing to close the deal.

PHOENIX-Brinkster Communications Corp. makes the move from Norfolk, VA, to 12,982 sf at 2600 N. Central Ave., inking a 10-year lease with $2-million payout for the new headquarters and data center location.

PHOENIX-The Plantation, FL-based DHL next week cuts the ribbon on a regional sorting center at 1450 E. Buckeye Rd. The facility will be the sixth of seven centers to come on line in the past month in the US for the logistics provider.

SCOTTSDALE, AZ-Two of three submarkets in Scottsdale account for 761,843 sf or 85% of the metro's Q3 absorption while vacancy is riding 5.5 points below the citywide average of 19.3%. As expected, the push for space delivers the highest rents in the metro.

HOUSTON-TVO Southwest Partners sells the 234-unit Falcon Ridge Apartments to Dallas-based Trimark Realty Investments Inc. The 90%-leased asset in the northwest submarket had an asking price of $10.2 million.

HOUSTON-Transaction Packing Inc., a freight packing and crating company, takes 40,000 sf at 2028 Greens Rd. in a relocation and expansion from 16560 Air Center Blvd. The industrial space leases for roughly $4.80 per sf.

GILBERT, AZ-Jo-Ann Fabrics & Crafts Store commits to a 10-year term for the under-construction San Tan Village, a power center located at the southwest corner of Greenfield Road and Chandler Boulevard. The center will open in late 2006.