CHICAGO-Ridge Property Trust, a Chicago-based REIT, is seeking buyers for its industrial property portfolio. The company has employed Eastdil Secured as its counselor in the sale of 7.8 million square feet of industrial property.
Ridge's $500 million worth portfolio comprises 36 properties in various markets including Indianapolis, Chicago, Texas, California and Mexico. The REIT also owns nearly 2,200 acres of land for the purpose of industrial development.For the full story, go to Crain's Chicago Business.
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