CIP Real Estate has paid $37 million, or $170.12/sf, for the 217,495-square-foot Lavista Business Park in the Atlanta suburb of Tucker, Ga. The Irvine, Calif., investment manager, capitalized largely by Almanac Realty Investors, bought the 53-year-old industrial property from ATCAP Partners of Dallas. It funded its acquisition with a $26.35 million loan from LoanCore Capital that […]
The post Shallow-Bay Industrial Property Near Atlanta Sells for $37Mln; Gets $26.35Mln Loan appeared first on Commercial Real Estate Direct.
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