In a sign of continued investor interest in big-box industrial properties in the U.S., a Canadian REIT has partnered with a private investor to acquire 50 percent of a huge distribution center in an Atlanta suburb.
Agellan Commercial Real Estate Investment Trust said it and a private Canadian partner will pay an aggregate price of $53 million for Newnan Distribution Center, a 1.9 million-square-foot facility about 37 miles southwest of downtown...
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