LAKELAND, FL—Structall Building Systems Inc. has engaged in a sale-leaseback of its 113,308-square-foot Lakeland Service Center building at 5120 Great Oak Drive here with Chicago-based real estate investment firm Brennan Investment Group.

PHOENIX—Cassidy Turley announces that Kootenay Holdings, a private investor, has acquired Palm Valley Office Park I & II, a 83,575 square foot office project located at 1616 N. Litchfield Rd. and 1646 N. Litchfield Rd. in Goodyear, for $15.35 million.

VALENCIA, CA—Developer IAC begins construction on the first phase of the IAC Commerce Center, which is a 400,000-square-foot industrial building on 70 acres.

NEW YORK CITY—Bloomberg L.P. has reportedly decided to extend its lease option at 731 Lexington Ave. for 188,608 square feet of office space.