CORDOVA, TN-A private equity real estate firm based in Canada has bought Trinity Ridge Business Center, an eight-building industrial flex portfolio located at 7730-7866 Trinity Road in Cordova, out of foreclosure. Dalfen America Corp., the US division of Montreal-based Dalfen Ltd., has paid $7.25 million for the 234,312-square-foot property.
The portfolio was sold on behalf of LNR Partners LLC. CB Richard Ellis Memphis represented the buyer, and Colliers International represented BACM 2007-4 Trinity Ridge LLC, the selling entity, in the deal. For the full story, go to Memphis Business Journal .
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