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KBS REIT II Sells I-81 Industrial Portfolio for $105.7M

  • November 21, 2014
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Chambers Street Properties acquired four industrial buildings in the I-81 / I-78 Corridor of Eastern Pennsylvania from KBS Real Estate Investment Trust II. The Newport Beach, CA-based REIT sold its I-81 Industrial Portfolio for $105.7 million, or about $64 per square foot. The portfolio of core properties includes four industrial buildings totaling 1.64 million square feet that are fully leased to tenants including Kimberly-Clark, Amazon, Bimbo...