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Newport Beach-based MIG Real Estate LLC this month paid $33.3 million for Mission Viejo Business Center in the second local purchase this year for the real estate investment offshoot of the Merage family office.
MIG Real Estate LLC, the real estate investment offshoot of the Merage family office, made a splash in Orange County last month with its first reported local acquisition in more than a decade, paying $61.1 million for a Costa Mesa apartment project.
gate Technology Commerce Center in Mesa sells for $ 21.4 million
News Highlights: gate Technology Commerce Center in Mesa sells for $ 21.4 million
A newly constructed Class A multi-tenant industrial / warehouse project with two buildings totaling 138,692 square feet has been sold for $ 21.4 million to MIG Real Estate of Newport Beach, California. Cushman and Wakefield brokered the sale of the Gateway Technology Commerce Center, 7535 E. Ray Road, Mesa.
“Gate Technology Commerce Center is an excellent addition to MIG’s growing industrial portfolio and well located in one of Arizona’s top performing sub-markets, ”said Greg Merage, CEO of MIG Real Estate in a press release. “MIG continues to aggressively seek opportunities to acquire assets across the western US and has significant discretionary capital to invest in existing new development and redevelopment of multi-family homes, mixed and industrial projects.”