Although terms were not disclosed, larger space blocks in thisnorth suburb are available at net lease rates beginning just below$3 per sf. Tech Lighting LLC will consolidate operations in the newlocation, which allows the company to keep its work force of 300employees. The 39-year-old building on 16.4 acres near the TouhyAvenue and Edens Expressway interchange, was acquired from AMBProperty in 2002 for $12.1 million, according to propertyrecords.
CMD Realty Investors recently refinanced 36 office properties infive states with $206 million in two floating-rate loans arrangedby Holliday Fenoglio Fowler, L.P. and Cohen Financial. The moneycame from the Houston office of AIG Global Real Estate Group.
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