Record industrial sale closes in Orange County

Voit Commercial Brokerage negotiated the sale of the Crossroads Anaheim, a two-building, 276,825-square-foot manufacturing and distribution campus in Anaheim, Calif.

Voit said this transaction was the largest vacant industrial sale closed in Orange County in 2006, with industry sources citing the deal at approximately $29 million.

Crossroads Anaheim is situated on 11.7 acres and located at 1650 North Kraemer Blvd. The property is comprised of a 122,600-square-foot distribution building and a 154,225-square-foot manufacturing corporate headquarters building.  more...

Wells makes Rust Belt purchase

Wells Real Estate Funds this week announced its acquisition of 3000 Park Lane, a class A office building in suburban Pittsburgh, Pa.

A U.S.-based real estate investment trust sold the building in an off-market transaction for an undisclosed price.

The five-story, 105,000-square-foot property, constructed in 1989, is located in the Parkway West Corridor submarket in North Fayette Township.

At the time of purchase, Intracorp, a subsidiary of insurance giant Cigna Corp., was the principal tenant.  more...

Apartment complex sold near Orlando

Marcus & Millichap brokered the sale of The Ashley of Spring Valley, a 260-unit apartment community in Altamonte Springs, Fla.

Texas-based Altamonte Ashley LLC sold the complex to WK Ashley LLC for $20 million, which represents a price of $76,923 per unit.  more...