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HOUSTON-The sale to Trustmark Corp. of Jackson, MS comes with four leases and a 5,000-sf office building in Hempstead. The buyer gets a market inroad and the seller jumpstarts reorganization into a mortgage banking operation.
TOWSON, MD-The 150,000-sf Loch Raven Plaza shopping center hits the market and brings in a respectable $10 million. Boston's Shelbourne Properties I Inc. is letting go of the retail property as part of a company-liquidation plan.
SNEADS, FL-Seized after the arrests and convictions of the Miami-based Vega family in January, the Treasury Department unloaded the two North Florida properties totaling 1,688 acres at what local brokers tell GlobeSt.com are among the lowest prices on record--three cents and four cents per sf.
HOLLISTON, MA-A first mortgage financing in the amount of $7.2 million was arranged for 200 and 201 Summer St. The two industrial properties total 171,000 sf and were recently sold to a NYC-based investor in a sale/leaseback deal.
ORLANDO-David Eichenblatt pays Philadelphia-based LAGF $6 million for the shuttered 281-room Four Points Sheraton which Harry Helmsley, the late New York entrepreneur, built in 1962 at a reported hard construction cost of $15 million.
FORT WORTH-A 16,636-sf crane equipment supplier shifts the operation to a freestanding building on the city's north side. To the northeast, the first tenant in a spec project gets 70,100 sf up and running as its corporate finalizes a competitor's takeover.
NEWTON, MA-The Massachusetts Appellate Tax Board denies Lasell Village's claim that its facility, a retirement community that was developed by Lasell College, is exempt from local property taxes.
APACHE JUNCTION, AZ-A Phoenix exchange buyer grabs one of two Checker Auto Parts stores in Apache Junction before the seller could even put it on the market. The buyer's $1.5-million offer gets a 15-year lease along with the real estate.