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September 15, 2005

Investment Realty Advisors

Ted Gibbons, president of Investment Realty Advisors of Bellevue, facilitated the sale of 10.6 acres that a Lowe's Home Center in Portland occupies. Levitz SL Portland-Johnson LLC sold to the Tansley Trust of England for $15.4 million. The in-going cap rate is 5.65 percent and will average 7.5 percent over the 25-year lease term. Gibbons said it was part of a larger effort to help Tansley build a large, diversified real estate portfolio.




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