The property, located at 1800 Universal Ave. in Executive Park,was soldfor $6.5 million. The facility includes more than 10,000 sfofoffice space and is situated on a 7.45 acre site.

Under terms of the transaction, the facility will continue to beleasedto EMJ under a 20-year, bond-type triple net lease. Jorgensenis ametals distribution company that processes and distributes30,000different carbon, alloy, stainless and aluminum products tomore than40,000 customers. The company is a portfolio company ofKelso & Co.,a private equity investment firm.

EMJ moved to Executive Park, just north of Downtown, from theWestBottoms about 15 years ago when Jorgensen merged with a sistercompany."The location here is good for us and when we merged it wastime todecide where was the best spot for us," says David Baltuska,salesmanager at EMJ. "This is a great facility and where we thinkwe need to bepositioned."