LAS VEGAS—GlobeSt.com has exclusively learned that Nevada basedNNN Acquisitions, a newly formed company ofMark Weber, the owner of 180Capital, has purchased 17 industrial buildings in sixstates. The acquisition price was $40 million.
The properties are located in Los Angeles, Santa, Clara, GardenGrove, Texas, North Carolina, Virginia, West Virginia, andMaryland. The Irvine, CA office of Lee &Associates negotiated the sale.
Brian Garbutt, Matt Kemp andAlex Lyon of Lee & Associates Irvinerepresented the NNN Acquisitions in the transaction with differentlisting brokers on the properties. Lee & Associates is activelypursuing other long-term single tenant NNN properties for the firmaround the country as they intend to buy an additional $60 millionin properties over the next four months and are closing on another$30 million in properties within 45 days.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
