First Business Parks, a new joint venture between Palmira Capital Partners and Crossroads Real Estate, acquired a three-section 16,829 sqm commercial park on Wächtersbacher Strasse in Frankfurt. The JV also bought a 26,500 sqm commercial park on Borsigstrasse in Wiesbaden. The properties are in 90 percent leased. The price of the deals were not disclosed. Immolox brokered the sales.
