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ATLANTA-The 28-year-old investment banker bought Nexpak Corp.'s 221,374-sf manufacturing and distribution center in suburban, Duluth, GA for $61.43 per sf and will lease it back to Nexpak for 20 years at an undisclosed rent.
PHOENIX-A Salt Lake City-based lumber company has shelled out $1.9 million for a north Phoenix retail complex while a local investor has spent $475,000 for a vacant 7-Eleven. In all, upward of 25,000 sf has changed hands.
LONDON-Workspace Group, the specialist investor in small business office and industrial units, has sold its Midlands property portfolio to the privately owned Northern Trust Company
NORTH OAKS, MN-The company that founded the Twin Cities suburb four decades ago and owns all the undeveloped land here hires Leonard Street Deinard real estate attorney Carolyn McCann as its president, replacing Richard Leonard.
SANTEE, CA-Commercial developers are eyeing this East County suburb for a huge biotech and high-tech campus as land availability continues to tighten in central and north San Diego County.
SAN DIEGO-High rents and limited availability threaten to price large numbers of renters out of the county's apartment market, according to a report by Marcus & Millichap Real Estate Investment Brokerage Co.
KILLEEN, TX-A Grubb & Ellis Co. broker in Dallas, who's in charge of selling vacant 7-Elevens nationwide, has found a taker for a Killeen store. The couple has paid $180,000 for the retail site in comparison to one in Phoenix that has just netted $475,000.
ROYAL OAK, MI-Three mixed-use office/hotel projects are submitted for the entrance to popular suburban Detroit downtown nightspot. City commissioners will continue discussing those plans tonight.
LOS ANGELES-Private investor pays $10.2 million for 52,000-sf medical office building in Pasadena, helping to keep local brokers busy while many big institutional buyers stay on the sidelines.
AUSTIN-Research and development in Austin might have to take a back seat to logistics and distribution in a few years. Lots of land and proponents hope to turn the corridor into an L&D hub, a potential bolstered by cargo capability expansion at the airport.