FedEx building sells in San Diego

Property situated on several acres

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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....