|By Marketwired .||
|April 24, 2014 02:00 AM EDT||
MINNEAPOLIS, MN--(Marketwired - April 24, 2014) - Meritex announced today the sale of 4850 North Church Lane in Atlanta (Smyrna), Georgia. The property totals 101,500 SF and is 100% leased to two tenants: MeadWestvaco Packaging Systems and Associated Materials.
Meritex first acquired the building in December of 2010 as part of a ten-building, 750,000 square foot portfolio. During its ownership, Meritex completed numerous improvements at the property including repairing parking lots, replacing HVAC units, painting the building exterior and installing a new roof system, in addition to extending the lease terms of the existing tenants.
Daniel Williams, chief investment officer for Meritex, commented, "This transaction was significant for Meritex because it once again demonstrates our ability to adeptly execute a value-add investment strategy and to realize the value created through successful disposition."
Meritex has been an active owner/operator of industrial real estate in Atlanta since 1992. Meritex continues to own a portfolio in Atlanta consisting of 26 multi-tenant office/warehouse buildings totaling 1,876,000 SF. The Atlanta portfolio is managed by Dan Ward, director of real estate for Meritex.
CBRE brokers, Tom Shafer and John Hinson represented Meritex in the sale of the property.
Company Information: Meritex is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases, and manages 9.5 million square feet of commercial real estate in eight markets in the U.S. Its portfolio consists of multi-tenant industrial, office and subsurface industrial properties. The Company's properties are located in Atlanta, Columbus, Denver, Houston, Indianapolis, Kansas City, Minneapolis-St. Paul, and Phoenix. Additional information can be found at the Company's website www.meritex.com.
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
Oct. 26, 2016 11:00 PM EDT Reads: 9,900
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Oct. 26, 2016 11:00 PM EDT Reads: 3,915
Oct. 26, 2016 11:00 PM EDT Reads: 616
Oct. 26, 2016 09:45 PM EDT Reads: 1,129
Oct. 26, 2016 09:45 PM EDT Reads: 3,660
Oct. 26, 2016 09:30 PM EDT Reads: 660
Oct. 26, 2016 08:15 PM EDT Reads: 1,474
Oct. 26, 2016 08:00 PM EDT Reads: 1,573
Oct. 26, 2016 08:00 PM EDT Reads: 1,429
Oct. 26, 2016 07:30 PM EDT Reads: 398
Oct. 26, 2016 07:00 PM EDT Reads: 2,353
Oct. 26, 2016 06:30 PM EDT Reads: 1,669
Oct. 26, 2016 06:30 PM EDT Reads: 1,097
Oct. 26, 2016 06:15 PM EDT Reads: 1,153
Oct. 26, 2016 05:45 PM EDT Reads: 1,661