Twenty-nine multi-tenant properties are said to have changed hands in the deal, most of it leased up. Only 70,000 sf of space is available in all of the buildings, which vary from 6,000 sf to 124,000 sf. Office space is modest in size, about 500 sf; warehouses run up to 20,000 sf. Area rents for offices peak at $20 per sf; at $13 per sf for warehouses.
AMB specializes in properties near airports and other transportation hubs. When contacted by GlobeSt.com, a spokesperson for the company would not confirm the transaction nor any of its particulars because of a confidentiality agreement.
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