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NEW YORK CITY-Locally based Ashley Capital has acquired three industrial buildings from Solo Cup Co. Two of the properties are located in the metropolitan Atlanta cities of Conyers and Jonesboro, while the other is in Chicago. They total 1.1 million sf and had an asking price of $18 million.

The acquisitions double Ashley's presence in the Atlanta market. With the Chicago purchase, the firm now owns the entire 14-building Calumet Business Center. Ashley has been involved with the two-million-sf industrial park on the south side for more than 20 years.

"The Atlanta acquisitions are a great addition to our portfolio as we seek to expand our presence in the Southeast," says Ashley vice president Lori Roth. "We already own two fully leased buildings and an additional 200 acres of land in Conyers that will be developed into a first class industrial park."