The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.
Los Angeles’ tight and fiercely popular industrial market as erupted in the last decade.
Four of the U.S. Whirlpool sites are located in Ohio—Marion, Findlay, Ottawa and Clyde—and one is in Cleveland, TN. Two properties are in Fabriano, Italy.
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