HOUSTON-Weingarten Realty Investors has completed the sale itsindustrial portfolio totaling approximately 9.6 million square feetto DRA Growth and Income Fund VII. The portfolio comprises 52industrial properties in Texas, Virginia, Tennessee, Georgia andFlorida.
The industrial properties changed hands for $382.4 million.Weingarten will use the proceeds to settle outstanding amountsunder revolving credit facility as well as repay an unsecured termloan that amounts to $200 million. J.P. Morgan Securities LLCadvised Weingarten on the deal. For the full story, go toCommercial Property Executive.
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