1031 Exchange Options Announces $65 Million in Multi-Tenant Office Acquisitions.WALNUT CREEK Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif. -- Tenancy-In-Common (TIC) Investors Acquire Properties in Florida and Nebraska Cary Losson, Founder and President of 1031 Exchange Options, today announced on behalf of its clients, the successful acquisition of two co-owned property investments: Fountain Square A fountain square is a park or plaza in a city that features a fountain. A fountain square is similar to a town square but is usually smaller and not situated in front of the town hall or county courthouse. It may stand alone or as part of a larger public park. and Embassy Plaza. The two properties, acquired separately, total more than $65 million. 1031 Exchange Options represented individual investors in both properties, many who successfully completed 1031 exchanges with the acquisition of their undivided fractional interest in the property. Fountain Square, a Class A three-building office complex located in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , was acquired by the co-owners for $51.5 million, net of reserves. The 242,139-square-foot property includes many high profile tenants including, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , Wachovia Bank, Liberty Mutual Auto Insurance, and Gap, Inc. Embassy Plaza is a three-story multi-tenant office building in Omaha, Nebraska. The 131,882-square-foot property was acquired for $17 million, net of reserves, and is strategically located in Omaha's most dominant submarket, the West Dodge Road Corridor. The building is currently 100% leased, through August of 2009. "These are both fine acquisitions for our client investors," said Christian Mirner, Sr. Vice President -- Real Estate for 1031 Exchange Options. "Fountain Square is the fourth property acquired by our client investors in Florida in the past seven weeks, due to the state's solid population growth and strong job formation. Embassy Plaza's location is ideal: Omaha is commonly recognized as the trade center for the Great Plains region." Triple Net Properties, a diversified real estate enterprise, acquired Fountain Square from ACP (Associate Computing Professional) The award for successful completion of an examination in computers offered by the ICCP. It is geared to newcomers in the computing field. For more information, visit www.iccp.org. ACP - Algebra of Communicating Processes Office I, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Embassy Plaza from LAFPSF, Inc. on behalf of each respective co-ownership group of TIC investors. About 1031 Exchange Options 1031 Exchange Options is a leading real estate investment consultancy representing clients in investments structured for co-ownership. We advise clients on 1031 exchanges, Tenancy-in-Common (TIC) ownership, triple net leased properties, funds, LLCs, REITs, and other alternative real estate investments. 1031 Exchange Options offers securities through Sigma Financial Corporation, Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . 1031 Exchange Options' national headquarters is located in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . The company services clients nationwide. Additional information is available at www.1031ExchangeOptions.com. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. |
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