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Wrightwood Sells Industrial Portfolio for $46M

CHICAGO-The seven assets are the remaining properties in Wrightwood's first industrial fund known as the Acorn Industrial Realty Venture, LP.

By Dana Dubriwny | Updated on September 13, 2006

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

CHICAGO-Wrightwood Capital has sold a seven-building industrial portfolio to Boston-based Colony Realty Partners for $45.86 million. Consisting of 589,346 sf, the assets were the remaining properties in Wrightwood’s first industrial fund known as the Acorn Industrial Realty Venture, LP.

Timothy F. Walsh, senior director, industrial fund management, says the properties in the Acorn Industrial Realty Fund represented the company’s first attempt at aggregating mid-sized industrial assets. “The strategy worked well, providing diversified cash flow, low volatility and strong appreciation to our investors over a long-time horizon,” he says.

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