Parkwood building acquired in TIC deal

Triple Net Properties LLC represented tenant-in-common investors in the purchase of 151,141 square feet of office space in Atlanta, Ga., for an undisclosed price.

The property, 1600 Parkwood, is a six-story, class A office building located in the Northwest Galleria/Cumberland submarket. Situated on 5.52 acres, it features a three-story parking garage, fitness center and deli.

At the time of sale, the property was approximately 99 percent occupied by 15 tenants, including OneSource Management, Numerex Corp., and Option One.  more...

STAG Capital buys more Michigan space

STAG Capital Partners purchased a 250,100-square-foot manufacturing facility in Lansing, Mich., the company announced Monday.

The value of the transaction was not disclosed.

The building is situated on 25.4 acres at 5640 Pierson Road and was fully leased to The Woodbridge Group, a provider of automotive urethane technologies and just-in-time assembly and sequencing systems, at the time of sale.  more...

Chicago Bridge & Iron moves into Houston

Transwestern on Monday announced it has negotiated a 10-year lease agreement for 115,000 square feet of office space in Houston's Galleria submarket.

The tenant, Chicago Bridge & Iron Co. N.V., an engineering and construction company that serves the oil and gas, and metals and wastewater industries, said it will house approximately 450 employees at Two Riverway, a 370,000-square-foot office property.  more...