(Read more on the industrial market.)
SACRAMENTO-Walton Street Capital of Chicago last month closed onits $2.8-billion acquisition of the CalWest Industrial Holdingsportfolio from the California Public Employees Retirement System,an industry source close to the deal tells GlobeSt.com. CalPERSaccumulated the 95-property portfolio through Chicago-based Rreef,its separate account real estate manager.
The 23.5-million-sf portfolio consists of mostlywarehouse-distribution product in the Western US, with aconcentration in Southern California. The portfolio also containsassets in Sacramento, Phoenix, Portland and Seattle, according tosources familiar with the portfolio. The purchase price works outto $119 per sf.
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