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First Union Real Estate Equity and Mortgage Investments Announces it has Entered Into a Contract to Acquire 200,000 Square Feet of Office Space in Amherst, New York.
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PR Newswire
- Article date:
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March 21, 2005
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BOSTON, March 21 /PRNewswire-FirstCall/ -- First Union Real Estate Equity and Mortgage Investments announced today that it has entered into a contract to acquire two adjacent office buildings in Amherst, New York that are net leased to, and serve as the East Coast Headquarters of, Ingram Micro, Inc. The properties contain an aggregate of 200,000 square feet of office space. The contract purchase price for the properties is approximately $22 million. The acquisition is subject to First Union's due diligence review. If consummated, it is expected that the transaction will close during the second quarter of 2005.
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