PALM BEACH GARDENS, FL-An entity affiliated with Intervest Properties bought the two-year-old shopping center, anchored by Albertson's, from Northmil Partners for $139.78 per sf. The property has 90,322 rentable sf.

MIDDLETOWN, NJ-The financing is being provided for the re-tenanting costs at the 480,000-sf office complex, which is 52% leased. Mack-Cali is managing and leasing the complex for a limited partnership.

PHOENIX-A local couple sticks to their old turf to satisfy a 1031 Exchange requirement, spending $340,000 for the seven-unit 12th Street Apartments just a week after it went on the market. The two-bedroom units are bringing in a monthly average of $605.

DALLAS-Meridian Business Centers and Transwestern Commercial Services negotiate a four-year extension for a new total of 15,465 sf or practically the entire second floor at One Energy Square. The keys turn Feb. 1.