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ORLANDO-The Jackson, MS-based REIT expects to grow its one-million-sf industrial portfolio here with the purchase of 70 acres in Orlando Central Park for $5.1 million, or $72,857 per acre.
SOUTH RIVER, NJ-The Los Angles-based NewEgg.com will use the Frank Greek & Sons-owned building as its new East Coast distribution facility. Newmark of New Jersey arranged the transaction.
GLENN DALE, MD-The 316,000-sf Glenn Dale Business Center opens its doors to a new tenant with disaster services concern Popowski Brothers Inc.'s leasing of 9,200 sf of space.
MANALAPAN, NJ-The 500,000-sf Village at Manalapan, which would be developed by a local consortium, would be heavy on retail with smaller office and residential components on a 135-acre site.
BOCA RATON, FL-The printing, graphics and fulfillment firm's 12-month renewal at 990 S. Rogers Circle is worth $135,374, or about $8.07 per sf. The company has been located there for five years.
GREENWICH, CT-A panel of commercial real estate and finance experts agreed that the amount of investment capital in the market today far exceeds the amount of available commercial real estate for sale at the moment.
DENVER-The Denver regional office of NorthMarq Capital arranged a $39 million permanent loan for a three-building office portfolio owned by Denver-based AmeriVest Properties.
DENVER-Coors Distributing sells its former facility to Dakota Land Auto Glass. The buyer will expand its business in the new building and will use the space for distribution purposes as well.
PHOENIX-A private investment group from California set a per-unit sales record this year when they picked up the Andover Square apartments, an 80-unit, class A complex in the Camelback Corridor for $9.9 million. It's the highest price paid since 2001.