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Paper Recycler Puts Up $2M for 78,171-SF Asset

PHOENIX-Omaha Paper Stock decides to own rather than lease to get expansion space for its metro operation. After closing the $1.93-million deal with a Santa Ana, CA investor, the recycler gets extra room and three tenants to help cover the cost.

By Amy Wolff Sorter | Updated on September 07, 2005

PHOENIX-Omaha Paper Stock, a paper recycling company, has traded its status as a tenant for that of ownership with the purchase of a 78,171-sf industrial building from a Santa Ana, CA investor for $1.93 million.

The multi-tenant building at 4645 W. Van Buren St. houses three additional tenants. The Omaha-based recycler has taken over about 25,000 sf of the building.

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