The significant liquidity provided to Gemini Rosemont through this transaction will be used to acquire additional class-A assets in coastal and tech-centric markets in keeping with its acquisition mandate.
CT acquired the 382-acre property within the Rickenbacker Industrial Park in a joint venture with Walton Street Capital. Construction financing will be provided by Bank of America.
Eliadis most recently served at Walgreen Co. for nine years in the real estate and finance divisions. His appointment follows the October 2019 hiring of CEO Joe Brady, who previously had served as divisional VP for real estate at Walgreen Co.
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