tag:blogger.com,1999:blog-21846828.post4292887484956290726..comments2024-01-14T16:01:08.962-08:00Comments on The Rational Realist: The Valuation's Too Damn High - Part III - Fool's GoldRational Realisthttp://www.blogger.com/profile/08886526093283532105noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-21846828.post-47689033558119568492012-07-23T22:28:50.525-07:002012-07-23T22:28:50.525-07:00Love your blog! Its awesome to go through testimon...Love your blog! Its awesome to go through testimonials of real natural products from someone you can really trust! Also like fumes. I would like for you to assessment the new water groundwork. <a href="http://www.dkpp.com.au/property-valuations-in-sydney/" rel="nofollow">property valuations</a>independent property valuationshttp://www.dkpp.com.au/property-menu/finance-services/noreply@blogger.comtag:blogger.com,1999:blog-21846828.post-33376764084943180552012-06-24T17:03:00.270-07:002012-06-24T17:03:00.270-07:00Here is a description of some recent IIT deals in ...Here is a description of some recent IIT deals in Phoenix from a local RE news source. <br />Synopsis: This outfit vastly overpaid for industrial product in Phoenix.<br /><br />Tolleson - A company formed by Industrial Income Trust (IIT) in Denver, Colo. (Dwight Merriman, CEO) paid $15.162+ million ($50.10 per foot) to acquire a 302,640-square-foot distribution building at 9704 W. Roosevelt Road in Tolleson. The seller was ProLogis Logistics Services Inc., a company formed by ProLogis Inc. in Denver, Colo. (NYSE:PLD). The cash sale was brokered through Bob Buckley, Steve Lindley and Tracy Cartledge of Cassidy Turley BRE Commercial in Phoenix and Tony Lydon and Marc Hertzberg of Jones Lang LaSalle in Phoenix. BREW reported the deal in the works three weeks ago. The project, which was built in 1995, is leased for three years to The TJX Cos. Inc. in Framingham, Mass. (NYSE:TJX). That company is the parent company to T.J. Maxx and Marshalls, both national retail chain stores. In August, BREW reported ProLogis paying $9.95 million ($32.88 per foot) to acquire the Tolleson distribution facility. The project was vacant at the time it was sold to ProLogis. After buying the property, ProLogis leased the warehouse to The TJX Cos. Sources say The TJX Cos. will relocate to a new project yet to be built at 55th Avenue and Lower Buckeye Road. That facility, which is expected to total 1 million sq. ft., will be developed on a parcel owned by ProLogis. The TJX Cos. will buy the land from ProLogis and will develop and own the distribution facility. One month ago, BREW reported IIT making its first Valley investment. As reported, companies formed by Industrial Income Trust paid $131.662 million to purchase 1.584 million sq. ft. of warehouse space in two distribution buildings within the Riverside Industrial Center in Phoenix. IIT paid $105.1 million ($87 per foot) to acquire a 1.207+ million-square-foot facility at 4750-5050 W. Mohave Street and $26.562 million ($70.50 per foot) to buy a 376,760-square-foot distribution building at 4747 W. Buckeye Road. IIT, a non-traded real estate investment trust (REIT), has $100 million ready to invest in the Phoenix area. ProLogis is looking for opportunistic investments in the Valley . . . wants warehouses and distribution facilities from 200,000 sq. ft. and up. ProLogis has an ownership in 600+ million sq. ft. of distribution facilities in 22 countries that are valued at $46 billion. The company has roughly 3 million sq. ft. of industrial space in the Valley. J.R. Wetzel is the contact at IIT . . . (949) 892-4913. Reach Fritz Wyler, senior v.p. of capital deployment with ProLogis, at (213) 379-2140. Call the Cassidy Turley agents at (602) 954-9000. Lydon and Hertzberg are at (602) 840-9333.Anonymousnoreply@blogger.com