The vacant parcels, which ranged in size from a two-acre site inCary, NC to a 153-acre parcel in Fulton County, GA, are located inCalifornia, Colorado, Illinois, Missouri, North Carolina, Texas,Georgia, Florida and New Jersey. Benswanger/CBB's Advisory Grouparranged the transactions in an 18-month campaign.
Shell has owned the properties for more than 10 years, acquiringthem through various development ventures in the 1980s. Shell Oilis a wholly owned subsidiary of Shell Petroleum Inc., which is partof the Royal Dutch/Shell Group.
Binswanger/CBB, headquartered here, is a member of ChestertonBlumenauer Binswanger, in international full-service real estateorganization with more than 160 offices worldwide.
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