The TIAA Real Estate Account paid $10.2 million for the buildingin 2001, then leased it to Mack Truck at $3.33 per sf. It was builtby Atlanta-based IDI, developer of the Rock Run Business Park, nearthe I-80 interchange at Houbolt Road. Tenants in the business parkinclude Madison Warehouse, a third-party food distribution companythat leases 423,006 sf in two buildings.
CB Richard Ellis' Kirk Armour represented TIAA in negotiationswith USAA Realty Co. director of real estate services Fred Block,SIOR.
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