Whirlpool's facility in Cleveland, TN. Whirlpool's facility in Cleveland, TN.

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BENTON HARBOR, MI—Locally-based Whirlpool has closed on a$178.9-million sale-leaseback deal on four distribution centers andone manufacturing facility in the US and two office sites inItaly.

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The sale-leaseback deal was reported by CBRE, which representedWhirlpool in the transactions that involved a total of 3.1 millionsquare feet of industrial space.

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Four of the U.S. Whirlpool sites are located in Ohio—Marion,Findlay, Ottawa and Clyde—and one is in Cleveland, TN. Twoproperties are in Fabriano, Italy.

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Bruce Westwood-Booth, Guy Ponticiello, Maury Vanden Eykel andKyle Sals of CBRE represented Whirlpool in the transaction.

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"We are seeing increased interest in sale-leasebacks from ourclients with multi-continent real estate holdings, so firms withthe capability to purchase geographically diverse portfolios have adistinct advantage," says CBRE's Westwood-Booth.

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In 2019, CBRE advised Whirlpool on a sale-leaseback deal inMexico that was the largest single asset and singe tenantindustrial deal in the country's history.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.