RAF Pacifica Group completes its business plan to bring 1 million square feet of high-quality institutional industrial space to the market.
"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”
“The biggest challenge industrial users and developers face is securing sites to develop new facilities or existing industrial properties that may have some functional deficiencies but can be modified cost effectively.”
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
- Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.