Lamar Companies in a venture with Real Capital Solutions acquired the 204,185-square-foot asset.
The Magic will initially take over a full floor at the CNL Center II, with the option to expand into a total of 36,727 square feet of office space on two floors within the building.
Jay Ballard and Ken DelVillar of JLL represented the seller, JMG Realty Inc., in the transaction. The buyer was an affiliate of The ConAm Group.
Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, DLC Management Corp., in the transaction.
The seller, BlueScope Properties Group, delivered the asset in July on a build-to-suit basis for an undisclosed beverage company.
The center, which was delivered in 2008, was 82 percent leased at the time of sale.
The duo has more than than 54 years of combined industry experience. CLICK ON THE HEADLINE FOR MORE
City National Bank’s signage likely will appear at the top of the skyscraper in late first quarter. CLICK ON THE HEADLINE FOR MORE
The three buildings were constructed in 2018 and are net leased to three investment-grade credit tenants. CLICK ON THE HEADLINE FOR MORE
JLL, will be handling the leasing of the future industrial park, reports that Whitley Capital expects to break ground on the first phase of the project in early 2020. CLICK ON THE HEADLINE FOR MORE
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