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Atlanta-based development company Rangewater has paid $12.5 million for East Bank property near Barrique Brewing — almost twice the figure for which it sold more than three years prior.

The Davidson County Register of Deeds has yet to record the transaction involving the four-parcel 3.77-acre industrial site, which offers an address of 51 Oldham St. However, a source who asked to go unnamed confirmed the deal.