CBRE helps close sale of 4.9-million-square-foot industrial portfolio with properties in St. Louis and Kansas City
CBRE helped USAA Real Estate Company sell a nearly 4.9-million-square-foot Class-A industrial portfolio to Duke Realty. The portfolio, made up of eight predominantly single-tenant net leased buildings, includes Midwest properties in St. Louis and Kansas City, Mo.
The Class-A portfolio is 100-percent leased to 10 tenants with an in-place stable net operating income. The buildings were built between 2001 and 2008. Tenants include Home Depot, the Clorox Company, Kimberly-Clark, Jo-Ann Stores, Walgreen Company and other national names.
Jack Fraker, Josh McArtor, Jonathan Byrne and Heather McClain Venegoni and Val Achtemeier represented the seller, USAA Real Estate Company.
© 2015 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or firstname.lastname@example.org