FedEx building sells in San Diego

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Grubb & Ellis/BRE Commercial arranged the sale of the 76,822-square-foot Federal Express Distribution Facility in San Diego. The value of the transaction was $11.6 million. Situated on 6.5 acres, the single-tenant industrial building is located at 1650 47th St. Hibiscus Investments Inc. sold the property to Levine Family Trust. San Diego-based Grubb & Ellis/BRE Commercial is a privately held commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....