Pure Multifamily REIT has paid $40 million, or $138,889/unit, for Lansbrook at Twin Creeks, a 288-unit apartment property in the Dallas suburb of Allen, Texas. The Vancouver, British Columbia, REIT purchased the 15-year-old property, at 505 Benton Drive, from a ...
The STG Group has paid $25 million, or nearly $182/sf, for 949 East 36th Ave., a 137,553-square-foot office building in downtown Anchorage, Alaska. The Petaluma, Calif., investment firm bought the 39-year-old property from CH2M Hill Corp., an engineering company that ...
95.6 percent leased.
Tampa Bay Business Journal C&S Wholesale Grocers has paid $25 million, or nearly $30/sf for an 836,771-square-foot warehouse in Plant City, Fla. The New Hampshire company operates 50 distribution facilities in 15 states. The Plant City facility is its fifth ...
The price included the assumption of $29.63 million of debt insured by the United States Department of Housing and Urban Development.
95 percent leased. The company will assume a $79.5 million mortgage that's securitized through Greenwich Capital Commercial Funding Corp., 2006-GG7. The 6.54 percent loan matures in June 2016, according to servicer data compiled by Morningstar.
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