BUSINESS WIRE - April 16, 2004
Los Angeles-based BentleyForbes has completed the $67 million acquisition of a five building industrial property portfolio. The approximately 1.5 million-square-foot portfolio is 100-percent leased to the North American operating unit of international logistics provider Kuehne & Nagel. The portfolio is comprised of five warehouse facilities in four states, with locations in: Alsip, Ill.; Franklin, Mass.; Forest Park, GA; and two more in Durham, NC.
In the transaction, Bryon Ward of Grubb & Ellis represented both the seller of the five buildings, Loeb Partners Corporation, and the buyer, BentleyForbes. Long-term leases were already in place with Kuehne & Nagel at the time of sale.
Sphere: Related Content
Friday, April 16, 2004
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment