REIT in Inglewood.A San Francisco-based real estate investment trust spent $11.5 million to buy a new cargo center on South Prairie Avenue in Inglewood and quickly moved to recoup its investment by filling it with tenants. AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) Property Corp. bought the 127,845-square-foot building at 12530 South Prairie from finance company J.P. Morgan. Quickly, AMB worked out leases totaling $6 million. Ohio-based Forward Air Inc., which provides surface transport of deferred airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air , will be the prime leaseholder, paying $4 million over five years to occupy 86,879 square feet in the building. MSAS (Multi-functional Transport Satellite-based Augmentation System) A Japanese system of earth stations and satellites that improves the tracking accuracy of the GPS navigation system down to approximately six feet. Sky King, a Texas-based freight company, will sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. the remaining space from Forward Air for three years at a cost of $2 million. The purchase and the leases were brokered by, Colliers Seeley International. |
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