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Florida REIT Acquires 2 Magic Mountains in Columbus

Investors Sell 33,450 SF of Sports and Entertainment Properties
By Andrew Deichler
August 23, 2007 | 3:55 AM

National Retail Properties (NYSE: NNN), a Florida-based real estate investment trust, purchased two Magic Mountain Family Fun Centers in Columbus for its 1031 portfolio. Farber Magic Mountain LLC and Farber Magic Mountain 2 LLC sold the properties for a combined $11.85 million, or approximately $354.50 per square foot.

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