October 17, 2001 Special to Commercial Real Estate DirectInvitrogen Corp. is consolidating some of its manufacturing, distribution and administrative functions into 320,000 square feet of research and development space at Carlsbad Pointe in northern San Diego County.The 10-year lease is ...
October 16, 2001 STRONGSVILLE, Ohio – GE Capital Business Asset Funding Corp. has provided a $12 million mortgage for the 122,700-square-foot Ceres Office Building.Royalton Investors LLC and Big T Investments LLC used the long-term, fixed-rate loan to buy the three-story ...
October 15, 2001 PLANO, Texas – Aegon USA has provided $22.3 million in floating-rate financing for Strategic Partner Fund for its Preston Park South office complex.Strategic purchased the two-building, Class-A complex, which comprises 359,000 square feet, in July from a ...
October 15, 2001OAKLAND PARK, Fla. – A 376-unit Class-B apartment property here has traded hands for $23.1 million, or about $61,303/unit.A Chicago-based investment real estate company purchased the Sailboat Pointe Apartment complex at 2325 NW 33rd St. from a Canadian ...
October 15, 2001 SAN JOSE, Calif. – Mission West Properties Inc. (AMEX:MSW) has sold a 77,700-square-foot research and development property to Cisco Systems Inc. for $15.4 million.The REIT gained about $8.5 million from the sale of 5713 Fontanoso Way. In ...
October 15, 2001 GRANITE CITY, Ill. – Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA) has purchased a newly constructed industrial building here that is net leased to Anheuser-Busch Inc. The Freehold, N.J., REIT bought the 184,800-square-foot industrial building for about $12.5 ...
October 12, 2001 ERIE, Pa. – Lincoln National Life Insurance Co. has provided $14.8 million in financing for a shopping center.The 10-year fixed rate loan replaces an existing loan that Lincoln had provided about 10 years ago.The Summit Towne Centre, ...
October 11, 2001 JACKSONVILLE, Fla. – Berwind Property Group has sold the Interstate South Business Center for nearly $18 million, or about $69/sf.Summit REIT of Canada bought the 260,000-square-foot flex business park, which consists of six adjacent buildings about a ...
October 11, 2001Commercial Real Estate Direct Staff ReportArbor Commercial Mortgage LLC has provided $16 million of bridge financing to Justin Realty Services for its acquisition of 130 W. 30th St. in Manhattan. Justin Realty used the financing to fund its ...
October 11, 2001 NEW YORK – Benenson Capital Co. has paid $19.1 million, or about $499/sf, for the 38,307-square-foot commercial component of a 34-story residential cooperative in midtown. ING Realty Partners LLC and Alchemy Properties Inc. sold the commercial cooperative ...
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