Sunday, October 30, 2011

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

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The company went to its Chicago-based (NYSE: FR) earlier this year to ask for a new or to buythe building, System Sourcr CEO Robert Roswell said in an interview. First Industrial agreed to sell. System Source, whicb runs technology training classes, now owns the 72,000o square feet of flex spaceat 330-338 Clubhousee Lane in the Hunt Valley businese district. It leases about 20,000 squar feet of the space to Chesapeake Manufacturinhg and is looking for a tenant for avacanft space, Roswell said. System Source is the building’ws fourth owner since the company moved into the spacer sevenyears ago, he said. Its first landlord was Columbia’sw Rouse Co.
, which was later acquired by now-bankrupt Chicagop firm (NYSE: GGP) in 2004. Genera l Growth sold the building to First Industrialkin 2005. Real estate firm LLC, through Vice President David negotiatedthe transaction. The sale closed March 31, Roswell

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