LOS ANGELES-American Reality Capital Trust Inc., a New YorkCity-based REIT, has bought two distribution facilities occupied bytenants Brown Shoe Co. and Payless for $68.78 million. The REITpurchased the facilities from Clayco Construction Co.
One of the distribution facilities is situated in the TejonIndustrial Complex. The 351,723-square-foot building leased toBrown Shoe is located at 5621 Dennis McCarthy Drive, and it wasbought for $23.85 million. Colliers International and Chicago-basedVenture One Real Estate represented the seller in the deal.For the full story, go to San Fernando Valley BusinessJournal.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
