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    NGKF's Executive Managing Director Jerry Jacobs and Associate Joe Vale represented the buyer, who paid $2.2 million for the 17,149-square-foot Class A industrial building.

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    A joint-venture between Foulger-Pratt and a global real estate investment management firm sold the Class A asset in Silver Spring, Md., to Healthcare Realty in an off-market transaction.

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    Brown & Brown outgrew its 9,800-square-foot office space at 1401 Forum Way and plans to relocate to Colonnade Centrepark West in April 2018.

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  • Transwestern Sells 164-Unit Texas Community

    Parkdale Pindo sold the asset located in Beaumont, Texas to Winslow Asset Management. Pindo Pointe was recently renovated and did not sustain damage from Hurricane Harvey.

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    The management and consulting firm's 75,000-square-foot facility will support clients such as the U.S. Department of Veterans Affairs and the U.S. Navy.

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    Avison Young negotiated the disposition of the seven-building asset, while Lincoln Property Co. will handle the management and leasing assignment of the complex.

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