The industrial properties include a 43,100-sf manufacturing facility at 701 A St. NE, a 79,450-sf class-C building at 713 A St. NE and a 50,480-sf class-C building at 701 A St NW.
The deal was financed its purchase with a 10-year, $62.6 million Freddie Mac loan that pays a coupon of 3.63 percent.
fully leased. The property is encumbered by $26.6 million of debt that was securitized through Citigroup Commercial Mortgage Securities Inc., 2006-C4. The debt pays a coupon of 5.47 percent and matures in 2016. Last year, the property generated $2.4 milli
bids due in mid-october
deal is for a 35% interest (Glimcher now owns 73% stake)