(Read more on the industrial market.)
DALLAS-Before the week's out, CB Richard Ellis' powerhousebroker Jack Fraker and his team will unleash an 8.34-million-sfindustrial portfolio to investors already circling for the openingplay. The 89-property Rreef America industrial portfolio spans 12major metros, all infill sites and mostly national tenants withlong leases.
The class A portfolio is the result of five years of piecemealbuying. In looking at its entire portfolio, the industrialcomponent was heavily weighted so the San Francisco-based giantdecided it needed to part with some deeds. "It's mostly a balancingeffort," Fraker tells GlobeSt.com. "They're going to maintainpositions in all these cities. They like the fundamentals in allthese cities."
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