DALLAS - January 12, 2017 - CBRE announces the sale of the North American Logistics Portfolio, located in nine key logistics markets around the United States. New York City-based Gramercy Property Trust purchased the portfolio for investment purposes from San Antonio-based USAA Real Estate Company for an undisclosed price.
The 10.2-million-square-foot portfolio is comprised of 17 Class A distribution facilities and is 97 percent occupied.
The assets included in the portfolio are:
+ Indianapolis, Indiana - 2801 Airwest and Plainfield Distribution Center, 1.2 million square feet
+ Vallejo-Fairfield, California - Fermi Drive Industrial, 607,208 square feet
+ Sacramento, California - 260 Pioneer, 280 Pioneer, 520,800 square feet
+ Memphis, Tennessee - Stateline Bldg F, Stateline Bldg H, Chickasaw Bldg D, Chickasaw Bldg G, 2,483,952 square feet
+ Dallas, Texas - Trade Avenue, 527,100 square feet
+ Cincinnati, Ohio - Port Union A, Port Union H, Cummins Distribution Center, 1.4 million square feet
+ Atlanta, Georgia - Interstate South Bldg 4 and Clorox BTS, 1.8 million square feet
+ Charleston, South Carolina - TBC Distribution Center, 1.1 million square feet
+ Jacksonville, Florida - GE Distribution Center, 469,830 square feet
Major tenants include Rite Aid, Clorox Manufacturing Co. and Whirlpool.
CBRE's National Partners arranged the sale on behalf of the Seller.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.