Printing companies sell, lease back buildings

AG Net Lease Realty Fund L.P. acquired two light manufacturing facilities in the Midwest for $19.3 million, and leased back the space to the sellers.

The first building, located in Brimfield, Ohio, was sold by Hess Print Solutions and will be leased to Hess operating entities.

The second property, located in Woodstock, Ill., was sold by The Press of Ohio.

The size of the properties was not disclosed.

Charlotte office/flex space purchased

Alex. Brown Realty Inc., a national real estate investment company, has acquired Nations Ford, a 78,736-square-foot office/flex building in Charlotte, N.C.

The purchase is the company's fourth joint venture with local developer Waters Inc.

Neither the value of the transaction nor the seller's identity was disclosed.

Nations Ford, located at 10345 Nations Ford Road, was constructed in 2002 and features 18-foot clear ceiling heights, 12 rear loading bays and 9-foot-by-10-foot, dock-high doors.

Quail Creek sells in Arizona

Sperry Van Ness negotiated the sale of Quail Creek, a 269-unit apartment community in Mesa, Ariz., for approximately $15.5 million.

California-based Portico Properties purchased the asset, which is located at 1651 S. Dobson Road, from Vancouver, Wash.-based Holt Homes. Holt had purchased the property approximately two years ago, and it is in need of rehabilitation, according to a press statement.  more...