Real estate briefly: FedEx complex sells for $33M in Costa Mesa

A large logistics complex occupied by FedEx in Costa Mesa has been sold for $33.4 million. The 112,000-square-feet property was bought by Santa Monica-based investment firm BLT Enterprises Inc. and sold by San Diego-based Sovereign Capital Management Group Inc. Colliers’ Institutional Investment Services Group – Western Region negotiated the sale and lease extension for FedEx. (Courtesy of Colliers)CBRE Capital Markets’ debt and structured finance team has arranged a $29 million