Commercial Property Executive LBA Logistics has paid $55.5 million, or $134.35/sf, for Niles Industrial Center, a 413,112-square-foot industrial building in Niles, Ill. The Irvine, Calif., investment manager purchased the property from Principal Real Estate Investors of Des Moines, Iowa, which acquired it in 2005 for $21.4 million. Niles Industrial Center opened in 2004 at 6420 […]

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