The Koll Co. and Public Employee Retirement System of Idaho will acquire a portfolio of 12 office properties, including the Camelback Lakes Corp. Center in Phoenix. The seller is AmeriVest Properties Inc., the Denver-based real estate investment trust that approved a plan of liquidation in May. Located in Arizona, Colorado and Texas, the Class-A office properties range from 79,689 to 202,262 sq. ft. with individual buildings ranging up to 18 stories.
CalTIA, a joint venture between national financial services organization TIAA-CREF and RREEF, has sold a 9.6 million sq. ft. national industrial portfolio that is 96% leased. The buyer is a joint venture between Denver-based Dividend Capital and Boston-based TA Realty. The properties are scattered from Baltimore to San Francisco. TA Realty acquired the remaining 1.7 million sq. ft. of the portfolio, which was located in Southern California.
Hager Pacific Properties, a private real estate investment firm, has acquired a portfolio of three, single-tenant office buildings from Levitt Properties Trust for $48 million. The properties, which total a combined 490,000 sq. ft., are located in Dallas, Chicago and Salt Lake City. Investment Realty Advisors represented the buyer and the seller. This acquisition marks Hager Pacific Properties' entrance into these three markets.
