A venture led by Palisade Group has paid $97 million, or $178.08/sf, for Garfield Business Center, a five-building industrial property with 544,705 square feet in Commerce, Calif. The Los Angeles investment manager partnered with affiliates of Benefit Street Partners on the purchase from Terreno Realty Corp., which had bought it in 2012 for $52.4 million. Newmark […]

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