The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

Biggest California Commercial Deal of the Year

By Alex Finkelstein

Realty Income Buying 33 Properties Totaling 3.8 Million SF in 17 States for $544 Million

In the biggest California commercial real estate deal of the year to date, Esondido, CA-based Realty Income Corp.,  known as The Monthly Dividend Company has contracted to buy 33 properties totaling 3.8 million square feet of leasable space in 17 states for $544 million.

The properties are single-tenant, retail, distribution, office and manufacturing properties under long-term, net-lease contracts.

In a prepared statement, the company says the majority of the properties will close during the first half of 2011.

To read more of the World Property Channel report, click here…

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This entry was posted on March 25, 2011 by in Finance, Industrial, Recent Sales.
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