Monday, May 20, 2013

Rolls-Royce Office Complex Sells for $79.1M

National Commercial Real Estate News From CoStar Group

Rolls-Royce Office Complex Sells for $79.1M

American Realty Capital Trust IV, Inc. has acquired the Rolls-Royce Meridian Center office complex at 450-525 S. Meridian St. in Indianapolis, IN from Eli Lilly and Company for $79.1 million, or about $186 per square foot, exclusive of closing costs.

The three-building, 425,786-square-foot portfolio includes the four-story Brougher Building constructed in 1908 and renovated in 2001, a six-story building completed in 2002, and a seven-story office...

Kimco Acquires Ptnr's Stake in Marketplace at Factoria

Kimco Realty Corp. (NYSE: KIM) has acquired a majority of its joint-venture equity partner's ownership interest in the Marketplace at Factoria in Bellevue, WA in a transaction that valued the center at $130.75 million. Kimco previously held a 50-percent ownership interest in the property.

Located at 3903-4065 Factoria Blvd. SE in the I-90 Corridor submarket of King County, the enclosed regional mall totals 660,078 square feet on 31.1 acres. It...

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