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150-Acre Mesa, AZ, Land Sale Nets $18M

Chicago Group Plans to Hold Property for Development as a Mixed-Use Business Park
By Robert Baker
March 23, 2007 | 12:03 P.M.

Chicago-based First Industrial Realty Trust Inc. (NYSE: FR) has acquired 149.39 acres of land in Mesa, AZ, for $18 million, or $2.77 per square foot. The seller was Portland, OR-based Venerable Properties, Inc.

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News | 150-Acre Mesa, AZ, Land Sale Nets $18M