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First Industrial Sells 10-Building Portfolio

PERRYSBURG, OH-First Industrial Realty Trust Inc. sells a 10-building portfolio to a Teaneck, NJ-based private investment group. The buildings are 100% leased and total 737,041 sf.

By Dana Dubriwny | Updated on July 10, 2006

(To read more on the industrial market, click here.)

PERRYSBURG, OH-First Industrial Realty Trust Inc. has sold a 10-building portfolio to a Teaneck, NJ-based private investment group. The buildings, built between 1951 and 2000 and 100% leased on a long-term basis, total 737,041 sf.

Roy L. Splansky and Mark B. Goode with Chicago-based real estate advisory company Venture One Real Estate, LLC negotiated the disposition on behalf of First Industrial. In March, the Venture One team also represented First Industrial in the sale of three buildings in Fond du Lac, WI, which totaled 819,618 sf.

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