United Technologies building sold to Griffin Capital – Charlotte Business Journal (blog) – News Journal Blogs




Vision Equities and CarVal Investors bought the six-building Coliseum Centre duty tract for $103 meg in 2012.

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Vision Equities and CarVal Investors bought the six-building Coliseum Centre duty tract for $103 meg in 2012.




Vision Equities and CarVal Investors hit oversubscribed the Four Coliseum Centre building, today all filled by United Technologies Corp., for $39.18 meg to a consort managed by Griffin Capital Corp.


Based in California, Griffin Capital Corp. sponsors a actual realty assets consortium that invests in “business essential” duty and industrialized properties gain leased on a long-term foundation to joint tenants.


Vision and CarVal, a supplementary of Minneapolis-based Cargill, purchased the six-building Coliseum Centre duty tract soured Tyvola Road for $103 meg in Apr 2012. Just digit months later, United Technologies, which acquired remunerator Goodrich Corp., declared its plans to post its aerospace-systems duty in Charlotte, creating 325 jobs.


UTC afterward subscribed a 12-year engage for the whole 199,000-square-foot Four Coliseum Centre building. Goodrich had previously leased most 120,000 conservativist feet in the building, fivesome tenants were settled within the tract in visit to alter UTC’s expansion.


Vision and CarVal hit today oversubscribed threesome of the sextet buildings in the park: Cole Real Estate Investments purchased digit for most $42 meg New terminal year.


So if you’re ownership reason at home, that’s a acquire of sextet duty buildings for $103 million, and then a understanding of threesome of those for most $81 meg within most 12 months. Not bad.


Fred Arena, managing relation and honcho operative tar with Vision Equities, says his concern module move to help as quality trainer for the Four Coliseum Centre building, as it is with the Cole properties.


Coliseum Centre is roughly 95% filled and is leased by CBRE Group Inc.


Vision Equities and CarVal are also marketing an place for added duty utilization with attorney Harris. And Vision fresh teamed up with added institutionalised investor, Starwood Capital Group, to acquire the One author metropolis Center antiquity uptown.



Will Boye covers advertizement actual realty and accumulation firms for the metropolis Business Journal.





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French Creek Water Treatment Plant MORNING JOURNAL/SAM GREENE IPT Coordinator Doug Edwards explains the process of dewatering materials in the centrifuge at the French Creek Water Treatment Plant in Sheffield Village, Ohio, on Friday, May 10, 2013. The centrifuge takes waste material in the form of sludge and removes water to create a cake-like material.


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United Technologies antiquity oversubscribed to Griffin Capital – metropolis Business Journal (blog)


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