Core Industrial Realty Completes Sale of 356,000 SF Investment Property
Deal News | Jan 09, 2025 | Panattoni Development Co LLC
Core Industrial Realty has successfully completed the divestment of a significant 356,000 square foot investment property. The transaction highlights Core Industrial Realty's strategic approach to capitalizing on the market's current demand for industrial real estate assets. The property, which served as an attractive investment opportunity due to its expansive size, was sold with assistance from Panattoni Development Co LLC. This deal underscores the active role of real estate firms in restructuring portfolios to leverage market conditions.
Sectors
- Real Estate
- Industrial
Geography
- United States – The geographical context and location of the property involved in the sale likely pertains to the United States, where Core Industrial Realty operates.
Industry
- Real Estate – The transaction involves the sale of a significant amount of industrial real estate, reflecting market trends in property investment and management.
- Industrial – The property involved in the sale is an industrial space, highlighting movements within the industrial sector of real estate.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Core Industrial Realty | Selling Company | Company | A real estate firm involved in the divestment of a 356,000 square foot investment property. |
| Panattoni Development Co LLC | Real Estate Advisor | Company | A private equity firm that assisted in the successful sale of the industrial property. |