Friday, March 25, 2011

System Source buys Hunt Valley HQ for $7M - Kansas City Business Journal:

houston-nearly.blogspot.com
The company went to its landlord, Chicago-basedx (NYSE: FR) earlier this year to ask for a new or to buythe building, System Sourcse CEO Robert Roswell said in an interview. Firsgt Industrial agreed to sell. System Source, which runs technology training now ownsthe 72,000 square feet of flex space at 330-3398 Clubhouse Lane in the Hunt Valley busines district. It leases about 20,000 square feet of the space to Chesapeakse Manufacturing and is looking for a tenanty for avacant space, Roswell said. System Source is the building’ss fourth owner since the company moveed into the space sevenyears ago, he Its first landlord was Columbia’s Rouse Co.
, which was latef acquired by now-bankrupt Chicago firm (NYSE: GGP) in 2004. General Growth sold the building to Firsft Industrialin 2005. Real estate firm LLC, througn Vice President David Paulson, negotiated the transaction. The sale close March 31, Roswell said.

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