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.
The first new speculative industrial development in Richardson, Parc NorthEast, provides an alternative option for new and existing tenants seeking space not available for nearly 20 years.
Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.
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