Allegiance Realty buys Archon's portfolio.(Allegiance Realty Corporation, Archon Group)

From: Real Estate Weekly | Date: February 16, 2005 | Copyright information

Continuing its targeted national expansion program, Allegiance Realty Corporation announced that it has acquired eight properties spanning 1.23 million s/f of space from the Archon Group in New Jersey. Allegiance acquired these assets with Rockpoint Group, LLC as their institutional equity partner with an acquisition and redevelopment loan from iStar Financial that was arranged by the Ackman Ziff Real Estate Group.

"We are very proud to announce the acquisition of these ...

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