Atlanta

The Atlanta, Boston and Chicago offices have joined forces to share information and deal flow on behalf of their clients.

The 30,000-square foot center includes three buildings shadow-anchored by a 69,000-square foot Kroger with a fuel station.

The property has modest near-term rollover, and several of the tenants with expiring leases are currently negotiating renewals.

"With its current occupancy rate of 98%, strong fundamentals, along with corporate and business expansion, we believe this acquisition is an excellent opportunity to increase our presence in Georgia, a target area for our firm,” says Albert Lord III, founder and CEO of Lexerd.

The acquired timberlands are projected to grow from the current 2.8 million tons of annual harvest volume to more than five million tons by 2028.

With the Calhoun facility and another location in Florida, MAPEI Corporation operates 13 plants and warehouses in the United States.

In the first deal, recently formed LBX Investments of Los Angeles has purchased Alfaya Commons, a 130,811-square-foot shopping center at 11792-11970 East Colonial Drive from Regency Centers in a deal valued at $19.8 million.

“I've seen firsthand the stimulus of tax credits on the affordable housing industry and how they help to create quality homes," says Monarch Private Capital's Sean Cammann.