Terreno Realty Corp. Acquires $73M Industrial Property
The property totals 407,000 square feet.
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The property totals 407,000 square feet.
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A full-service personal injury, product liability, and consumer advocate law firm, purchased the building.
Seagis plans to break ground on a 51,100-square-foot, state-of-the-art, highly functional industrial facility to complete the approximately 200,000-square-foot industrial park.
The sale closed at a 3.59 percent capitalization rate, which was a record capitalization for all Walgreens stores nationally.
Construction on the new warehouse is expected to start towards the end of 2022 and take about a year to a year and a half to complete.
The 80,361-square-foot property includes two freestanding outparcel buildings.
Here are the most popular news headlines this past week on CRE-sources.
The properties include 16 warehouses, spanning 23 acres in total.
The building was originally built in the mid-seventies.
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