Transactions

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The following is a partial list of transactions which were closed recently on behalf of some of our European clients:

Interstate Investment Properties, Inc. represented a German bank in the acquisition of an 80% ownership interest in the Harborview Plaza at Rocky Point office building located in the Rocky Point sub-market of Tampa, Florida. The purchase price was $38,500,000. The bank shall create a closed-end fond to be marketed throughout Germany as an investment vehicle for private German investors. The Harborview Plaza at Rocky Point is a Class "A", seven-story office building that contains approximately 205,280 rentable square feet of office space and a four-level parking garage that is situated directly on a waterfront site in the Rocky Point sub-market. The building is 95% leased and is anchored by IBM and Marsh & McLennan as per long-term leases. The property was developed and completed in 2002.

Interstate Investment Properties, Inc. represented a private client in the acquisition of a single tenant office building leased to Nationwide Mutual Insurance Company as per a 15-year lease. The property contains 401,500 rentable square feet and is located in Columbus, Ohio. The property was completed and acquired in January 2002.

	Interstate Investment Properties, Inc. represented a private group of investors in the acquisition of a single tenant office building leased to Automatic Data Processing, Inc. (“ADP”) as per a long-term lease. The property contains 87,781 rentable square feet and is located in greater Detroit, Michigan. The property was completed in 2000 and acquired in 2002.

	Interstate Investment Properties, Inc. represented an private client in the acquisition of the Publix at Laguna Isles shopping center located in Pembroke Pines, Florida. The property contains 69,745 square feet of retail space and is anchored by a Publix Supermarket. The center was built in 2001/2002 and was acquired in February 2002.

Interstate Investment Properties, Inc. represented a private client in the acquisition of a single tenant office building leased to Sprint PCS as per a 10-year lease. The property contains 102,300 rentable square feet and is located in Orlando, Florida. The property was completed in mid-2001 and was acquired in February 2002.

Interstate Investment Properties, Inc. represented an institutional client in the acquisition of the Sand Lake Corners Shopping Center - a 588,000 square foot power center located in Orlando, Florida. The property is anchored by Wal-Mart, Lowe's, Beall's, PetsMart, and Staples. The property was ranked by an Orlando publication as Central Florida's 10th largest shopping center. It was developed in two phases between 1998 and 2000, and was acquired in 2001.

Interstate Investment Properties, Inc. represented a German bank in the acquisition of a single-tenant office building leased to HomeSide Lending, located in Jacksonville, Florida. The property contains 136,800 square feet and was built in 1999.

	Interstate Investment Properties, Inc. represented a German real estate fund initiator in the acquisition of a single-tenant office building leased to Volkswagen of America located in greater Chicago. The property contains 65,665 square feet and was built in 1999.

Interstate Investment Properties, Inc. represented a private investor in the acquisition of a single-tenant facility leased to FedEx as per a 15-year lease. The property consisted of over 134,600 square feet, was built in 1998 and is located in Harrisburg, PA.

	Interstate Investment Properties, Inc. represented a private investor in the acquisition of a single-tenant office building leased to First Data Corporation, located in Atlanta, GA. The property contains 70,393 square feet and was built in 1998.

Interstate Investment Properties, Inc. represented a German investor in the acquisition of a single-tenant office warehouse property net leased to the John H. Harland Company as per a new 15-year lease.

	Interstate Investment Properties, Inc. represented a German Bank in the acquisition of a single-tenant office building located in South Florida. The 100,000 square foot building is 100% leased to United Healthcare.

Interstate Investment Properties, Inc. represented a developer in a pre-development sale located in Orlando for the development of a two building, 300,000 square foot office complex.

	Interstate represented a private investor in the acquisition of a single-tenant, 60,480 square foot office building built in 1999 and leased to First Data Corporation located in Ames, Iowa.

Interstate Investment Properties, Inc. represented a European investment group in the acquisition of Church Street Market, a specialty retail development located in the heart of downtown Orlando, Florida.

	Interstate Investment Properties, Inc. represented a European investment group in the acquisition of Argyle Village Square, a 304,800 square foot community shopping center and two vacant out parcels located in southeast Jacksonville, Florida.

Interstate Investment Properties, Inc. represented a European investment group in the acquisition of One Pensacola Plaza, an eight-story, 115,800 square foot Class “A” office building located in downtown Pensacola, Florida.

	Interstate Investment Properties, Inc. represented a European investment group in the acquisition of The Piers Shopping Center, a 102,580 square foot retail center located in Port Richey, Florida adjacent to the 930,000 square foot Gulfview Square Mall.

Interstate Investment Properties, Inc. represented a European investment group in the acquisition of One President's Plaza, a three-story 95,000 square foot office building located in the Westshore Business District of Tampa, Florida.

	Interstate Investment Properties, Inc. represented a German investor in the sale of a single-tenant retail property net leased to Wal-Mart. The property was sold to a private investor for $11,500,000. The property is located in Cookeville, Tennessee.

Interstate Investment Properties, Inc. represented a European investment group in the acquisition of the Prairie Lakes Plaza, a 103,000 square foot retail center located in Altamonte Springs in north Orlando, Florida.