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The assets totaling 26,923 square feet were sold for approximately $7.46 million, which afforded the company to pay down $4.5 million of property-level debt and $1.6 million of its Revere loan.
“Leasing activity in both the office and industrial markets remain robust, pointing to a strong close for 2018.” says Dennis Waggner of Colliers International.
"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.